Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Increases By 1,400.0%

Pan African Resources PLC (OTCMKTS:PAFRF) saw a large increase in short interest in June. As of June 30th, there was short interest totalling 1,500 shares, an increase of 1,400.0% from the June 15th total of 100 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 5.0 days.

Pan African Resources Stock Performance

Shares of PAFRF remained flat at $0.34 during trading hours on Friday. The stock’s 50-day simple moving average is $0.31 and its two-hundred day simple moving average is $0.27. Pan African Resources has a 1 year low of $0.17 and a 1 year high of $0.36.

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.