Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Drops By 30.8%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 3,318 shares, a decrease of 30.8% from the February 26th total of 4,795 shares. Based on an average daily volume of 154,214 shares, the days-to-cover ratio is presently 0.0 days.

Sandfire Resources America Stock Performance

Shares of Sandfire Resources America stock opened at $0.15 on Monday. Sandfire Resources America has a fifty-two week low of $0.15 and a fifty-two week high of $0.32. The company’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.22.

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.