Pan African Resources PLC (OTCMKTS:PAFRF) Sees Significant Increase in Short Interest

Pan African Resources PLC (OTCMKTS:PAFRF) saw a large increase in short interest in the month of 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 trading volume of 1,000 shares, the short-interest ratio is currently 104.0 days.

Pan African Resources Price Performance

OTCMKTS PAFRF remained flat at $0.44 during trading hours on Friday. Pan African Resources has a 12-month low of $0.41 and a 12-month high of $0.44. The firm has a 50 day moving average price of $0.42 and a two-hundred day moving average price of $0.39.

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.