African Rainbow Minerals Limited (OTCMKTS:AFBOF) Sees Significant Decrease in Short Interest

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 300 shares, a decrease of 91.9% from the May 31st total of 3,700 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 3.0 days.

African Rainbow Minerals Stock Performance

Shares of AFBOF stock opened at $11.50 on Friday. The business’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $10.61. African Rainbow Minerals has a one year low of $7.47 and a one 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.