African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Update

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a significant increase in short interest during the month of 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 volume of 100 shares, the short-interest ratio is presently 510.0 days.

African Rainbow Minerals Stock Performance

OTCMKTS AFBOF opened at $8.20 on Friday. The company has a fifty day moving average of $8.91 and a 200 day moving average of $10.62. African Rainbow Minerals has a 1 year low of $8.15 and a 1 year high of $12.60.

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.