Short Interest in African Rainbow Minerals Limited (OTCMKTS:AFBOF) Declines By 12.6%

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 27,700 shares, a decrease of 12.6% from the August 15th total of 31,700 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

African Rainbow Minerals Price Performance

AFBOF stock opened at $12.20 on Tuesday. African Rainbow Minerals has a twelve month low of $7.47 and a twelve month high of $12.60. The company’s 50 day moving average is $12.22 and its two-hundred day moving average is $11.33.

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.