Sandfire Resources America Inc. (OTCMKTS:SRAFF) Short Interest Down 73.9% in February

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

Sandfire Resources America Price Performance

SRAFF stock opened at $0.21 on Friday. The firm has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.22. Sandfire Resources America has a one year low of $0.16 and a one year high of $0.35.

Sandfire Resources America Company Profile

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.