Sandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 69,148 shares, a growth of 615.7% from the December 15th total of 9,662 shares. Based on an average daily trading volume, of 114,453 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 114,453 shares, the days-to-cover ratio is currently 0.6 days.
Sandfire Resources America Stock Up 7.6%
OTCMKTS:SRAFF opened at $0.24 on Tuesday. The company has a 50-day moving average of $0.22 and a 200-day moving average of $0.22. Sandfire Resources America has a 52 week low of $0.17 and a 52 week high of $0.26.
Sandfire Resources America Company Profile
Sandfire Resources America Corp. (OTCMKTS:SRAFF) operates as the American depositary receipt issuer for Sandfire Resources Ltd., an Australian-based, independent copper and gold producer. Through its ADR program, the company holds and administers ordinary shares of its parent, enabling U.S. investors to participate in the underlying performance of Sandfire Resources Ltd. without direct exposure to foreign securities markets.
The underlying parent company was founded in 2003 and has since developed a portfolio of copper and gold operations and exploration projects across multiple continents.
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