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

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 300 shares, a growth of 50.0% from the August 15th total of 200 shares. Based on an average daily 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 trading hours on Monday. Pan African Resources has a one year low of $0.18 and a one year high of $0.41. The stock has a fifty day moving average of $0.37 and a 200-day moving average of $0.32.

About Pan African Resources

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.