African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Update

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 51,000 shares, an increase of 90.3% from the December 15th total of 26,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 510.0 days.

African Rainbow Minerals Price Performance

Shares of AFBOF stock opened at $8.20 on Tuesday. African Rainbow Minerals has a one year low of $8.15 and a one year high of $12.60. The company’s 50-day moving average is $9.29 and its 200 day moving average is $10.96.

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.