Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Rises By 823.0%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 39,837 shares, a growth of 823.0% from the January 15th total of 4,316 shares. Based on an average daily volume of 155,889 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 155,889 shares, the short-interest ratio is currently 0.3 days.

Sandfire Resources America Price Performance

SRAFF opened at $0.24 on Wednesday. Sandfire Resources America has a 12 month low of $0.17 and a 12 month high of $0.32. The business has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.22.

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.