Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Decreases By 68.3%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 14,203 shares, a drop of 68.3% from the April 15th total of 44,835 shares. Based on an average daily volume of 60,042 shares, the days-to-cover ratio is currently 0.2 days.

Sandfire Resources America Trading Down 1.3%

Shares of SRAFF stock traded down $0.00 during midday trading on Thursday, hitting $0.17. The company had a trading volume of 2,650 shares, compared to its average volume of 77,269. The company’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.21. Sandfire Resources America has a 52-week low of $0.14 and a 52-week 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.