Rainbow Rare Earths Limited (OTCMKTS:RBWRF) Short Interest Update

Rainbow Rare Earths Limited (OTCMKTS:RBWRF) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 35,800 shares, a growth of 3,480.0% from the March 15th total of 1,000 shares. Based on an average trading volume of 2,700 shares, the short-interest ratio is presently 13.3 days.

Rainbow Rare Earths Price Performance

Shares of OTCMKTS:RBWRF remained flat at $0.14 during midday trading on Monday. Rainbow Rare Earths has a 1 year low of $0.00 and a 1 year high of $0.17. The business has a 50-day simple moving average of $0.11 and a two-hundred day simple moving average of $0.13.

About Rainbow Rare Earths

Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.