Short Interest in Pan African Resources PLC (OTCMKTS:PAFRF) Expands By 143.3%

Pan African Resources PLC (OTCMKTS:PAFRF) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 2,274,640 shares, a growth of 143.3% from the July 15th total of 935,031 shares. Based on an average daily volume of 133 shares, the short-interest ratio is currently 17,102.6 days.

Pan African Resources Stock Up 5.6%

Shares of PAFRF stock opened at $1.50 on Friday. Pan African Resources has a 12-month low of $0.80 and a 12-month high of $2.53. The business’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.79.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group began coverage on shares of Pan African Resources in a research note on Monday, August 3rd. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Pan African Resources

Pan African Resources is a South Africa–focused gold mining and exploration company with diversified operations in the country’s prolific Witwatersrand and Barberton mining districts. The company’s core business activities include the extraction, processing and sale of gold from both conventional hard rock mines and retreatment of tailings. Through its flagship Evander Gold Mines and Barberton Mines operations, Pan African produces saleable gold doré bars while continuously investing in exploration and development projects to extend mine life and enhance production efficiency.

In addition to conventional mining, Pan African Resources operates a significant tailings retreatment plant at the Elikhulu Complex, which recovers gold from historic waste material and contributes to both sustainable resource utilization and environmental rehabilitation.