Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Up 2,189.6% in March
by Doug Wharley · The Cerbat GemSandfire Resources America Inc. (OTCMKTS:SRAFF – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 75,968 shares, a growth of 2,189.6% from the March 15th total of 3,318 shares. Based on an average daily volume of 359,809 shares, the days-to-cover ratio is currently 0.2 days.
Sandfire Resources America Price Performance
SRAFF traded up $0.01 during trading on Friday, reaching $0.17. The stock had a trading volume of 173,903 shares, compared to its average volume of 89,815. The stock’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.22. Sandfire Resources America has a one year low of $0.14 and a one 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.