Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Drops By 93.8%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 4,316 shares, a drop of 93.8% from the December 31st total of 69,148 shares. Based on an average daily volume of 181,865 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 181,865 shares, the short-interest ratio is presently 0.0 days.

Sandfire Resources America Stock Down 0.2%

Shares of SRAFF stock opened at $0.25 on Wednesday. The company has a 50-day simple moving average of $0.23 and a 200 day simple moving average of $0.22. Sandfire Resources America has a 52 week low of $0.17 and a 52 week high of $0.32.

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.