Sandfire Resources America Inc. (OTCMKTS:SRAFF) Sees Large Growth in Short Interest

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,400 shares, a growth of 209.1% from the August 15th total of 1,100 shares. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is currently 0.1 days.

Sandfire Resources America Stock Up 3.6 %

SRAFF traded up $0.01 on Friday, reaching $0.24. The company had a trading volume of 2,769 shares, compared to its average volume of 121,713. The company’s fifty day moving average is $0.24 and its 200 day moving average is $0.23. Sandfire Resources America has a fifty-two week low of $0.04 and a fifty-two week 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.