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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 517 shares, a decline of 43.6% from the May 31st total of 917 shares. Based on an average daily trading volume, of 55 shares, the days-to-cover ratio is presently 9.4 days.

African Rainbow Minerals Stock Performance

Shares of AFBOF opened at $11.07 on Thursday. African Rainbow Minerals has a fifty-two week low of $9.47 and a fifty-two week high of $15.00. The stock has a fifty day moving average of $13.42 and a two-hundred day moving average of $13.14.

African Rainbow Minerals Company Profile

African Rainbow Minerals (OTCMKTS:AFBOF) is a South Africa–based diversified mining and beneficiation company with a portfolio spanning ferrous metals, base metals and precious metals. The company’s principal operations include the exploration, extraction, processing and marketing of iron ore, manganese, chrome, platinum group metals and gold. Through a combination of wholly owned operations and strategic joint ventures, African Rainbow Minerals participates in every stage of the mining value chain, from resource evaluation and mine development to downstream smelting and refining.

The company holds majority interests in several prominent mining assets in South Africa, including iron ore and manganese operations in the Northern Cape and chrome and platinum group metals projects in the Bushveld Complex.