African Rainbow Minerals Limited (OTCMKTS:AFBOF) Sees Significant Decline in Short Interest

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,700 shares, a drop of 66.7% from the May 15th total of 11,100 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 12.3 days.

African Rainbow Minerals Price Performance

Shares of African Rainbow Minerals stock opened at $11.50 on Thursday. African Rainbow Minerals has a 52 week low of $7.47 and a 52 week high of $12.60. The company has a 50 day moving average price of $11.08 and a 200 day moving average price of $10.49.

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.