African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Down 14.8% in March

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 67,200 shares, a decrease of 14.8% from the February 28th total of 78,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 672.0 days.

African Rainbow Minerals Stock Performance

Shares of OTCMKTS AFBOF opened at $8.62 on Wednesday. African Rainbow Minerals has a 12-month low of $8.15 and a 12-month high of $12.60. The firm has a 50 day moving average of $8.49 and a 200 day moving average of $9.48.

About African Rainbow Minerals

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.