Pan African Resources PLC (OTCMKTS:PAFRF) Short Interest Up 264.9% in February

Pan African Resources PLC (OTCMKTS:PAFRF) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 104,000 shares, an increase of 264.9% from the January 31st total of 28,500 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 104.0 days.

Pan African Resources Stock Performance

Shares of Pan African Resources stock opened at $0.44 on Friday. The firm’s 50-day moving average is $0.42 and its 200 day moving average is $0.39. Pan African Resources has a 1 year low of $0.41 and a 1 year high of $0.44.

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.