Mandalay Resources Co. (OTCMKTS:MNDJF) Short Interest Up 720.0% in March

Mandalay Resources Co. (OTCMKTS:MNDJF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 720.0% from the February 28th total of 500 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is currently 0.1 days.

Mandalay Resources Stock Performance

Shares of OTCMKTS:MNDJF traded down C$0.05 during midday trading on Thursday, reaching C$3.70. 7,087 shares of the company traded hands, compared to its average volume of 19,884. The firm’s fifty day moving average price is C$3.33 and its two-hundred day moving average price is C$2.84. Mandalay Resources has a 12 month low of C$1.08 and a 12 month high of C$3.88.

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.