Sandfire Resources Limited (OTCMKTS:SFRRF) Short Interest Up 23.8% in December

Sandfire Resources Limited (OTCMKTS:SFRRFGet Rating) was the target of a large growth in short interest in the month of December. As of December 30th, there was short interest totalling 621,900 shares, a growth of 23.8% from the December 15th total of 502,300 shares. Based on an average daily trading volume, of 400 shares, the short-interest ratio is presently 1,554.8 days.

Sandfire Resources Price Performance

Shares of OTCMKTS:SFRRF opened at $4.35 on Friday. The stock’s 50-day simple moving average is $3.59 and its two-hundred day simple moving average is $3.04. Sandfire Resources has a 52-week low of $2.17 and a 52-week high of $5.37.

Analyst Upgrades and Downgrades

SFRRF has been the subject of a number of recent research reports. The Goldman Sachs Group cut Sandfire Resources from a “neutral” rating to a “sell” rating and set a $3.50 target price for the company. in a report on Monday, October 10th. JPMorgan Chase & Co. lowered Sandfire Resources from a “neutral” rating to an “underweight” rating and set a $3.60 target price on the stock. in a research note on Friday, November 18th. Finally, Citigroup cut shares of Sandfire Resources from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st.

Sandfire Resources Company Profile

(Get Rating)

Sandfire Resources Limited, a mining company, engages in the exploration, evaluation, and development of mineral tenements and projects. It primarily explores for copper, gold, silver, lead, and zinc deposits. The company owns a 100% interest in the DeGrussa copper operations located in the Bryah Basin mineral province of Western Australia; a 100% interest in the Minas De Aguas Teñidas (MATSA) Copper operations that comprise three underground mines situated in the Huelva Province of south-western Spain; and an 87% interest in the Black Butte copper project located in central Montana, the United States.

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