Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Declines By 30.8%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,318 shares, a decrease 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%

Sandfire Resources America stock opened at $0.15 on Friday. The stock has a fifty day moving average price of $0.23 and a two-hundred day moving average price of $0.22. Sandfire Resources America has a 52-week low of $0.15 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.