Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Up 615.7% in December

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 69,148 shares, a growth of 615.7% from the December 15th total of 9,662 shares. Based on an average trading volume of 114,453 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 114,453 shares, the short-interest ratio is presently 0.6 days.

Sandfire Resources America Price Performance

OTCMKTS SRAFF traded up $0.02 during mid-day trading on Monday, reaching $0.24. The stock had a trading volume of 438,435 shares, compared to its average volume of 116,186. Sandfire Resources America has a 1 year low of $0.17 and a 1 year high of $0.26. The company has a fifty day moving average price of $0.22 and a 200 day moving average price of $0.21.

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.