Mandalay Resources Co. (OTCMKTS:MNDJF) Sees Significant Decline in Short Interest

Mandalay Resources Co. (OTCMKTS:MNDJF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, a drop of 87.7% from the November 30th total of 5,700 shares. Based on an average trading volume of 94,000 shares, the days-to-cover ratio is presently 0.0 days.

Mandalay Resources Trading Down 4.1 %

Shares of Mandalay Resources stock traded down C$0.22 during trading hours on Friday, hitting C$2.70. 12,093 shares of the company’s stock traded hands, compared to its average volume of 10,575. The company has a fifty day simple moving average of C$2.63 and a 200-day simple moving average of C$2.21. Mandalay Resources has a 12-month low of C$1.03 and a 12-month high of C$3.40.

Mandalay Resources Company Profile

Mandalay Resources Corporation, together with its subsidiaries, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties in Canada, Australia, Sweden, and Chile. It explores for gold, silver, and antimony deposits, as well as other base metal. The company primarily holds 100% interests in the Costerfield gold-antimony mine covering an area of 1,219 hectares located in Victoria, Australia; and the Björkdal gold mine covering an area of 12,949 located in Skelleftea, Sweden.