Tharisa plc (OTCMKTS:TIHRF) Short Interest Down 91.8% in May

Tharisa plc (OTCMKTS:TIHRF) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,128 shares, a drop of 91.8% from the May 14th total of 25,966 shares. Based on an average daily volume of 245 shares, the days-to-cover ratio is presently 8.7 days.

Tharisa Trading Down 10.2%

Shares of OTCMKTS:TIHRF traded down $0.18 during midday trading on Tuesday, hitting $1.55. The company’s stock had a trading volume of 2,000 shares, compared to its average volume of 4,285. The stock’s 50 day simple moving average is $1.61 and its 200 day simple moving average is $1.61. Tharisa has a fifty-two week low of $1.15 and a fifty-two week high of $2.05.

Tharisa Company Profile

Tharisa PLC is a mining company primarily engaged in the extraction, processing and sale of platinum group metals (PGMs) and chromite concentrates. Headquartered in London and listed on the OTC Markets under the symbol TIHRF, the company’s core asset is the Tharisa Mine, located on the Bushveld Complex in Rustenburg, South Africa. Through its integrated mining and processing operations, Tharisa produces a mixed PGM concentrate containing platinum, palladium, rhodium and other minor PGMs, alongside a high-grade chromite concentrate.

Commissioned in 2013, the Tharisa Mine benefits from proximity to major road and rail networks, enabling supply to a global customer base.