Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Significant Drop in Short Interest

Sandfire Resources America Inc. (OTCMKTS:SRAFFGet Rating) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 43,700 shares, a decrease of 40.7% from the April 30th total of 73,700 shares. Based on an average daily volume of 125,900 shares, the days-to-cover ratio is presently 0.3 days.

OTCMKTS SRAFF traded up $0.02 during trading on Friday, hitting $0.12. 8,869 shares of the company’s stock traded hands, compared to its average volume of 55,302. Sandfire Resources America has a 12-month low of $0.08 and a 12-month high of $0.20. The business has a 50 day moving average of $0.13 and a 200-day moving average of $0.15.

About Sandfire Resources America (Get Rating)

Sandfire Resources America Inc acquires, explores for, and develops resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.

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