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

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

Sandfire Resources America Stock Down 1.3%

Shares of Sandfire Resources America stock traded down $0.00 during trading on Thursday, reaching $0.17. The company’s stock had a trading volume of 2,650 shares, compared to its average volume of 77,269. Sandfire Resources America has a 12-month low of $0.14 and a 12-month high of $0.32. The business has a 50 day moving average price of $0.18 and a 200-day moving average price of $0.21.

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.