Short Interest in Sandfire Resources America Inc. (OTCMKTS:SRAFF) Declines By 24.5%

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 11,700 shares, a decline of 24.5% from the November 30th total of 15,500 shares. Based on an average daily volume of 17,300 shares, the days-to-cover ratio is currently 0.7 days.

Sandfire Resources America Stock Performance

OTCMKTS SRAFF traded up $0.01 during trading on Friday, reaching $0.22. The company’s stock had a trading volume of 34,322 shares, compared to its average volume of 94,514. Sandfire Resources America has a 12 month low of $0.04 and a 12 month high of $0.35. The firm has a 50 day moving average price of $0.21 and a 200 day moving average price of $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.