African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Up 90.3% in January

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 51,000 shares, a growth of 90.3% from the December 31st total of 26,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 510.0 days.

African Rainbow Minerals Stock Performance

OTCMKTS:AFBOF opened at $8.20 on Wednesday. African Rainbow Minerals has a 52 week low of $8.15 and a 52 week high of $12.60. The stock’s fifty day moving average is $8.97 and its two-hundred day moving average is $10.67.

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.