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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 67,200 shares, a decline of 14.8% from the February 28th total of 78,900 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 672.0 days.

African Rainbow Minerals Price Performance

AFBOF opened at $8.62 on Tuesday. African Rainbow Minerals has a twelve month low of $8.15 and a twelve month high of $12.60. The company has a 50-day simple moving average of $8.48 and a 200 day simple moving average of $9.50.

About African Rainbow Minerals

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.