Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Grows By 2,189.6%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 75,968 shares, an increase of 2,189.6% from the March 15th total of 3,318 shares. Based on an average trading volume of 359,809 shares, the days-to-cover ratio is presently 0.2 days.

Sandfire Resources America Trading Up 3.0%

Shares of Sandfire Resources America stock opened at $0.17 on Friday. The company’s 50-day moving average price is $0.21 and its two-hundred day moving average price is $0.22. Sandfire Resources America has a 52 week low of $0.14 and a 52 week high of $0.32.

About Sandfire Resources America

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.