Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Drops By 99.8%

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a large drop in short interest in 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 trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Pan African Resources Stock Performance

OTCMKTS PAFRF traded up $0.01 during trading hours on Wednesday, hitting $0.54. The company had a trading volume of 2,000 shares, compared to its average volume of 2,700. The business has a 50 day moving average of $0.44 and a 200-day moving average of $0.40. Pan African Resources has a 1-year low of $0.41 and a 1-year high of $0.56.

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.