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

Sandfire Resources America Inc. (OTCMKTS:SRAFF) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 28,400 shares, a growth of 37.9% from the May 15th total of 20,600 shares. Based on an average daily trading volume, of 50,700 shares, the days-to-cover ratio is currently 0.6 days.

Sandfire Resources America Stock Up 0.3%

OTCMKTS:SRAFF opened at $0.21 on Thursday. Sandfire Resources America has a 52-week low of $0.17 and a 52-week high of $0.35. The stock has a fifty day simple moving average of $0.22 and a 200-day simple moving average of $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.