Pan African Resources PLC (OTCMKTS:PAFRF) Short Interest Up 59,016.7% in March

Pan African Resources PLC (OTCMKTS:PAFRF) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 354,700 shares, an increase of 59,016.7% from the March 15th total of 600 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 591.2 days.

Pan African Resources Price Performance

Shares of OTCMKTS:PAFRF opened at $0.58 on Tuesday. The firm has a 50 day moving average of $0.48 and a 200 day moving average of $0.42. Pan African Resources has a 52 week low of $0.41 and a 52 week high of $0.58.

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.