Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Expands By 264.9%

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

Pan African Resources Stock Performance

Shares of OTCMKTS:PAFRF remained flat at $0.44 during mid-day trading on Friday. Pan African Resources has a 52 week low of $0.41 and a 52 week high of $0.44. The company has a 50 day moving average price of $0.42 and a 200 day moving average price of $0.39.

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.