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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 51,000 shares, an increase of 90.3% from the December 15th total of 26,800 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 510.0 days.

African Rainbow Minerals Price Performance

OTCMKTS AFBOF opened at $8.20 on Wednesday. African Rainbow Minerals has a 1-year low of $8.15 and a 1-year high of $12.60. The company has a 50 day moving average of $9.26 and a 200-day moving average of $10.94.

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.