Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Update

Mandalay Resources Co. (OTCMKTS:MNDJF) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 17,500 shares, a drop of 36.6% from the January 31st total of 27,600 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 0.6 days.

Mandalay Resources Price Performance

OTCMKTS MNDJF traded up C$0.03 during trading hours on Monday, hitting C$3.30. 21,256 shares of the company were exchanged, compared to its average volume of 16,665. The company has a 50 day moving average of C$3.07 and a two-hundred day moving average of C$2.67. Mandalay Resources has a 52-week low of C$1.08 and a 52-week high of C$3.52.

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.