Short Interest in African Rainbow Minerals Limited (OTCMKTS:AFBOF) Drops By 66.7%

African Rainbow Minerals Limited (OTCMKTS:AFBOFGet Free Report) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 3,700 shares, a drop of 66.7% from the May 15th total of 11,100 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 12.3 days.

African Rainbow Minerals Price Performance

AFBOF stock remained flat at $11.50 during midday trading on Friday. The company had a trading volume of 5 shares, compared to its average volume of 640. African Rainbow Minerals has a 12 month low of $7.47 and a 12 month high of $12.60. The stock’s 50-day moving average price is $11.13 and its 200-day moving average price is $10.49.

About African Rainbow Minerals

(Get Free Report)

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.

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