African Rainbow Minerals Limited (OTCMKTS:AFBOF) Sees Significant Drop in Short Interest

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 26,800 shares, a decline of 36.0% from the September 30th total of 41,900 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 268.0 days.

African Rainbow Minerals Price Performance

Shares of AFBOF opened at $11.11 on Monday. African Rainbow Minerals has a 1 year low of $7.47 and a 1 year high of $12.60. The company’s fifty day moving average is $11.83 and its two-hundred day moving average is $11.74.

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.