African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Up 55.8% in April

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 65,600 shares, a growth of 55.8% from the March 31st total of 42,100 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 328.0 days.

African Rainbow Minerals Price Performance

Shares of AFBOF opened at $7.97 on Wednesday. The company has a 50 day moving average price of $8.33 and a 200-day moving average price of $8.92. African Rainbow Minerals has a fifty-two week low of $7.97 and a fifty-two week high of $12.60.

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.