Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Expands By 264.9%

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 104,000 shares, a growth of 264.9% from the January 31st total of 28,500 shares. Based on an average trading volume of 1,000 shares, the short-interest ratio is presently 104.0 days.

Pan African Resources Stock Performance

Pan African Resources stock remained flat at $0.44 during mid-day trading on Friday. Pan African Resources has a one year low of $0.41 and a one year high of $0.44. The stock has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.39.

About Pan African Resources

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.