Thungela Resources Limited (OTCMKTS:TNGRF) Short Interest Update

Thungela Resources Limited (OTCMKTS:TNGRF) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 6,581 shares, a decrease of 53.5% from the May 14th total of 14,138 shares. Based on an average daily volume of 4,545 shares, the short-interest ratio is currently 1.4 days.

Thungela Resources Stock Up 4.0%

OTCMKTS:TNGRF opened at $8.19 on Friday. Thungela Resources has a 1-year low of $4.25 and a 1-year high of $10.72. The company has a 50-day moving average of $8.72 and a 200 day moving average of $7.57.

Thungela Resources Company Profile

Thungela Resources plc is a thermal coal producer with its core operations located in South Africa’s Mpumalanga region. The company operates a portfolio of open-pit coal mines that supply primarily thermal coal to domestic power producers and export customers. Its mines deliver coal for electricity generation in South Africa and for export markets across Asia and Europe, offering both standard steam coal and higher‐energy products tailored to customer specifications.

Formed in June 2021 through a spin-out from Anglo American plc, Thungela Resources inherited a vertically integrated mining platform with established infrastructure and long-term offtake agreements.