Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Up 534.0% in March

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 31,700 shares, an increase of 534.0% from the March 15th total of 5,000 shares. Based on an average daily volume of 57,300 shares, the days-to-cover ratio is presently 0.6 days.

Sandfire Resources America Stock Performance

Sandfire Resources America stock traded down $0.01 on Monday, hitting $0.21. 102,055 shares of the stock traded hands, compared to its average volume of 71,904. The business’s fifty day simple moving average is $0.22 and its 200 day simple moving average is $0.22. Sandfire Resources America has a 1 year low of $0.16 and a 1 year high of $0.35.

About Sandfire Resources America

Sandfire Resources America Inc engages in the acquisition, exploration, and development of resource properties in the United States and Canada. The company explores for copper, cobalt, zinc, lead, and silver deposits. Its flagship property is the Black Butte copper project that consists of approximately 7,684 acres of fee-simple lands and 4,541 acres in 239 Federal unpatented lode-mining claims located in central Montana, the United States.