African Rainbow Minerals Limited (OTCMKTS:AFBOF) Sees Large Increase in Short Interest

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 900 shares, an increase of 125.0% from the March 31st total of 400 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 2.3 days.

African Rainbow Minerals Stock Performance

Shares of AFBOF opened at $10.36 on Friday. African Rainbow Minerals has a one year low of $7.47 and a one year high of $13.70. The company’s fifty day moving average price is $9.73 and its 200 day moving average price is $9.79.

African Rainbow Minerals Company Profile

African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa and Malaysia. It explores for platinum group metals, nickel, coal, iron ore, manganese ore, and chrome ore, as well as gold. African Rainbow Minerals Limited was founded in 1933 and is based in Sandton, South Africa.