Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Declines By 22.2%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 9,100 shares, a decline of 22.2% from the December 15th total of 11,700 shares. Based on an average daily volume of 66,400 shares, the days-to-cover ratio is presently 0.1 days.

Sandfire Resources America Stock Down 6.1 %

Shares of OTCMKTS:SRAFF traded down $0.01 during midday trading on Friday, reaching $0.22. The company had a trading volume of 87,699 shares, compared to its average volume of 231,090. Sandfire Resources America has a one year low of $0.04 and a one year high of $0.35. The stock’s fifty day moving average price is $0.21 and its 200-day moving average price is $0.23.

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.