Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Rises By 228.0%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 46,582 shares, an increase of 228.0% from the April 30th total of 14,203 shares. Based on an average daily volume of 77,939 shares, the short-interest ratio is presently 0.6 days.

Sandfire Resources America Trading Down 1.6%

SRAFF traded down $0.00 during midday trading on Friday, hitting $0.15. The company had a trading volume of 66,555 shares, compared to its average volume of 76,724. The stock’s 50 day moving average price is $0.17 and its 200 day moving average price is $0.21. Sandfire Resources America has a 52 week low of $0.14 and a 52 week 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.