Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 2,052.4% in April

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 45,200 shares, an increase of 2,052.4% from the March 31st total of 2,100 shares. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is presently 3.5 days.

Mandalay Resources Price Performance

MNDJF traded up C$0.08 during midday trading on Friday, reaching C$1.74. 3,100 shares of the company were exchanged, compared to its average volume of 5,963. The stock’s 50-day simple moving average is C$1.30 and its 200 day simple moving average is C$1.30. Mandalay Resources has a one year low of C$1.00 and a one year high of C$1.79.

About Mandalay Resources

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.