African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Up 90.3% in January

African Rainbow Minerals Limited (OTCMKTS:AFBOFGet Free Report) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 51,000 shares, an increase of 90.3% from the December 31st total of 26,800 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 510.0 days.

African Rainbow Minerals Price Performance

Shares of OTCMKTS AFBOF opened at $8.20 on Wednesday. African Rainbow Minerals has a 52-week low of $8.15 and a 52-week high of $12.60. The business has a fifty day moving average of $8.97 and a two-hundred day moving average of $10.67.

About African Rainbow Minerals

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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.

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