Sandfire Resources Limited (OTCMKTS:SFRRF) Short Interest Down 36.9% in April

Sandfire Resources Limited (OTCMKTS:SFRRF) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 344,856 shares, a decline of 36.9% from the April 15th total of 546,812 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 3,448.6 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of Sandfire Resources in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sandfire Resources has a consensus rating of “Hold”.

Sandfire Resources Price Performance

Shares of OTCMKTS SFRRF remained flat at $13.60 during trading hours on Monday. 750 shares of the company traded hands, compared to its average volume of 5,615. The firm’s 50 day simple moving average is $12.14 and its two-hundred day simple moving average is $11.88. Sandfire Resources has a 1 year low of $7.00 and a 1 year high of $14.35.

About Sandfire Resources

Sandfire Resources (OTCMKTS:SFRRF) is an Australian-based mining and exploration company focused on the discovery, development and production of high‐grade copper resources. The company’s core operations are anchored by the DeGrussa Copper‐Gold Mine in Western Australia, where open‐pit and underground mining techniques produce copper‐gold concentrate for regional smelters. In addition to DeGrussa, Sandfire Resources has advanced development projects and exploration assets in Botswana and North America, positioning itself as a diversified copper producer with a growing international footprint.

Sandfire’s principal business activities encompass project acquisition, feasibility studies, mine construction, and ongoing mine operations.