Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Drops By 73.2%

Pan African Resources PLC (OTCMKTS:PAFRF) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 28,500 shares, a decline of 73.2% from the January 15th total of 106,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Pan African Resources Price Performance

PAFRF stock remained flat at $0.41 during trading hours on Wednesday. The business has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.38. Pan African Resources has a 52 week low of $0.18 and a 52 week high of $0.41.

About Pan African Resources

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.