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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 78,900 shares, a growth of 87.9% from the January 31st total of 42,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 789.0 days.

African Rainbow Minerals Price Performance

Shares of AFBOF opened at $8.62 on Friday. The company’s 50-day moving average is $8.33 and its 200-day moving average is $10.06. African Rainbow Minerals has a fifty-two week low of $8.15 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.