African Rainbow Minerals Limited (OTCMKTS:AFBOF) Sees Large Decline in Short Interest

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

African Rainbow Minerals Price Performance

Shares of African Rainbow Minerals stock opened at $8.62 on Wednesday. African Rainbow Minerals has a fifty-two week low of $8.15 and a fifty-two week high of $12.60. The company has a fifty day moving average of $8.49 and a 200 day moving average of $9.48.

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.