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

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

Tharisa Price Performance

Shares of OTCMKTS TIHRF remained flat at $1.55 during mid-day trading on Wednesday. 2,000 shares of the stock were exchanged, compared to its average volume of 4,285. The business has a fifty day simple moving average of $1.61 and a 200-day simple moving average of $1.62. Tharisa has a 1-year low of $1.15 and a 1-year 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.