African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 600 shares, a drop of 98.4% from the October 15th total of 38,200 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 6.0 days.
Analyst Ratings Changes
Separately, Investec raised shares of African Rainbow Minerals from a “hold” rating to a “buy” rating in a report on Monday, October 9th.
African Rainbow Minerals Price Performance
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.
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