African Rainbow Minerals Limited (OTCMKTS:AFBOF) Short Interest Update

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 42,100 shares, a drop of 37.4% from the March 15th total of 67,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 421.0 days.

African Rainbow Minerals Stock Performance

OTCMKTS:AFBOF opened at $7.97 on Friday. African Rainbow Minerals has a 52 week low of $7.97 and a 52 week high of $12.60. The stock’s fifty day moving average is $8.42 and its two-hundred day moving average is $9.10.

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.