Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Drops By 73.9%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,700 shares, a drop of 73.9% from the February 13th total of 33,300 shares. Based on an average daily volume of 109,200 shares, the short-interest ratio is currently 0.1 days.

Sandfire Resources America Stock Performance

OTCMKTS:SRAFF opened at $0.22 on Thursday. Sandfire Resources America has a 52 week low of $0.16 and a 52 week high of $0.35. The stock’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.22.

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.