Tanzanian Royalty Exploration Corp (NYSEAMERICAN:TRX) (NYSEMKT:TRX) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 4,190,294 shares, an increase of 5.8% from the January 12th total of 3,961,158 shares. Based on an average daily volume of 275,782 shares, the days-to-cover ratio is presently 15.2 days. Approximately 3.5% of the shares of the stock are short sold.

Tanzanian Royalty Exploration (TRX) opened at $0.34 on Wednesday. The firm has a market cap of $41.86, a PE ratio of -8.50 and a beta of 0.91. Tanzanian Royalty Exploration has a 52 week low of $0.24 and a 52 week high of $0.58.

Tanzanian Royalty Exploration (NYSEAMERICAN:TRX) (NYSEMKT:TRX) last posted its quarterly earnings results on Wednesday, November 29th. The basic materials company reported ($0.01) earnings per share for the quarter.

Separately, BidaskClub upgraded shares of Tanzanian Royalty Exploration from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th.

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Tanzanian Royalty Exploration Company Profile

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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