Short Interest in African Rainbow Minerals Limited (OTCMKTS:AFBOF) Increases By 90.3%

Posted by Patrick Bannon on Jan 16th, 2025

African Rainbow Minerals Limited (OTCMKTS:AFBOF – Get Free Report) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 51,000 shares, an increase of 90.3% from the December 15th total of 26,800 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 510.0 days.

African Rainbow Minerals Price Performance

OTCMKTS:AFBOF opened at $8.20 on Thursday. The firm has a 50-day moving average of $9.26 and a two-hundred day moving average of $10.94. African Rainbow Minerals has a 1-year low of $8.15 and a 1-year high of $12.60.

African Rainbow Minerals Company Profile

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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.