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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 900 shares, a growth of 125.0% from the March 31st total of 400 shares. Based on an average trading volume of 400 shares, the short-interest ratio is presently 2.3 days.

African Rainbow Minerals Price Performance

Shares of AFBOF opened at $10.36 on Friday. The firm has a 50 day moving average of $9.72 and a 200 day moving average of $9.76. African Rainbow Minerals has a twelve month low of $7.47 and a twelve month high of $13.70.

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.