Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Significant Decrease in Short Interest

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

Sandfire Resources America Trading Down 5.4%

SRAFF opened at $0.15 on Friday. The company has a 50 day simple moving average of $0.23 and a two-hundred day simple moving average of $0.22. Sandfire Resources America has a 1-year low of $0.15 and a 1-year 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.