Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Drops By 41.0%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 44,835 shares, a decrease of 41.0% from the March 31st total of 75,968 shares. Based on an average daily volume of 162,183 shares, the short-interest ratio is presently 0.3 days.

Sandfire Resources America Price Performance

Shares of OTCMKTS SRAFF opened at $0.18 on Monday. The stock has a fifty day simple moving average of $0.20 and a two-hundred day simple moving average of $0.22. Sandfire Resources America has a 1-year low of $0.14 and a 1-year 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.