Pan African Resources PLC (OTCMKTS:PAFRF) Short Interest Down 99.8% in March

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 600 shares, a drop of 99.8% from the February 28th total of 311,400 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Pan African Resources Stock Performance

OTCMKTS:PAFRF traded up $0.01 during midday trading on Wednesday, reaching $0.54. The stock had a trading volume of 2,000 shares, compared to its average volume of 2,700. Pan African Resources has a 12-month low of $0.41 and a 12-month high of $0.56. The firm has a fifty day simple moving average of $0.44 and a two-hundred day simple moving average of $0.40.

About Pan African Resources

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.