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

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a significant growth in short interest in May. As of May 31st, there was short interest totalling 28,400 shares, a growth of 37.9% from the May 15th total of 20,600 shares. Based on an average trading volume of 50,700 shares, the days-to-cover ratio is presently 0.6 days.

Sandfire Resources America Trading Up 0.3%

OTCMKTS:SRAFF opened at $0.21 on Thursday. The stock has a fifty day moving average price of $0.22 and a two-hundred day moving average price of $0.22. Sandfire Resources America has a 1 year low of $0.17 and a 1 year high of $0.35.

Sandfire Resources America Company Profile

Sandfire Resources America Inc engages in the acquisition, exploration, and development of 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.