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

African Rainbow Minerals Limited (OTCMKTS:AFBOF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 28,000 shares, an increase of 61.8% from the June 30th total of 17,300 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 280.0 days.

African Rainbow Minerals Price Performance

AFBOF opened at $12.20 on Monday. The company’s 50 day simple moving average is $12.09 and its two-hundred day simple moving average is $10.87. African Rainbow Minerals has a 1-year low of $7.47 and a 1-year 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.