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Tanzanian Royalty Exploration Corp. (US) (NYSE:TRX) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 4,544,210 shares, an increase of 3.0% from the July 31st total of 4,410,340 shares, Analyst Ratings Net reports. Based on an average trading volume of 158,218 shares, the days-to-cover ratio is presently 28.7 days. Approximately 4.6% of the company’s shares are sold short.

Shares of Tanzanian Royalty Exploration Corp. (NYSE:TRX) opened at 2.29 on Wednesday. Tanzanian Royalty Exploration Corp. has a 1-year low of $1.63 and a 1-year high of $4.06. The stock’s 50-day moving average is $2.33 and its 200-day moving average is $2.25. The company’s market cap is $232.0 million.

Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration-stage properties, which engages in the acquisition of interests in and the exploration of natural resource properties.

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