Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 3,908,153 shares, a growth of 0.7% from the November 15th total of 3,880,807 shares. Based on an average daily trading volume, of 210,231 shares, the days-to-cover ratio is currently 18.6 days. Currently, 3.3% of the shares of the stock are short sold.
Separately, BidaskClub upgraded Tanzanian Royalty Exploration from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th.
Shares of Tanzanian Royalty Exploration (TRX) opened at $0.24 on Wednesday. Tanzanian Royalty Exploration has a fifty-two week low of $0.24 and a fifty-two week high of $0.63.
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Tanzanian Royalty Exploration Corporation is an exploration-stage company and its mining properties are located outside the United States. The Company is a mineral resource company, which engages in the acquisition of interests in and the exploration of natural resource properties in the future and the possible development of those properties.
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