Pan African Resources PLC (OTCMKTS:PAFRF) Sees Large Growth in Short Interest

Pan African Resources PLC (OTCMKTS:PAFRF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 300 shares, an increase of 50.0% from the August 15th total of 200 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 0.5 days.

Pan African Resources Stock Performance

OTCMKTS:PAFRF remained flat at $0.37 during mid-day trading on Monday. The company has a fifty day moving average of $0.37 and a 200 day moving average of $0.31. Pan African Resources has a 1 year low of $0.18 and a 1 year high of $0.41.

Pan African Resources Company Profile

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa.