Short Interest in African Rainbow Minerals Limited (OTCMKTS:AFBOF) Rises By 87.9%

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 78,900 shares, an increase of 87.9% from the January 31st total of 42,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 789.0 days.

African Rainbow Minerals Stock Performance

Shares of OTCMKTS:AFBOF opened at $8.62 on Friday. The firm has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $10.05. African Rainbow Minerals has a twelve month low of $8.15 and a twelve month 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.