Short Interest in African Rainbow Minerals Limited (OTCMKTS:AFBOF) Decreases By 14.8%

African Rainbow Minerals Limited (OTCMKTS:AFBOF) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 67,200 shares, a decrease of 14.8% from the February 28th total of 78,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 672.0 days.

African Rainbow Minerals Stock Performance

AFBOF stock opened at $8.62 on Tuesday. The stock’s 50 day moving average is $8.48 and its 200-day moving average is $9.50. African Rainbow Minerals has a twelve month low of $8.15 and a twelve month high of $12.60.

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.