Short Interest in Sandfire Resources Limited (OTCMKTS:SFRRF) Decreases By 44.1%

Sandfire Resources Limited (OTCMKTS:SFRRF – Get Rating) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 138,900 shares, a decrease of 44.1% from the May 31st total of 248,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 1,389.0 days.

Separately, The Goldman Sachs Group raised Sandfire Resources from a “sell” rating to a “neutral” rating in a report on Monday, April 11th.

SFRRF traded down $0.02 during trading on Friday, reaching $3.14. 600 shares of the company’s stock were exchanged, compared to its average volume of 1,952. The firm has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $4.25. Sandfire Resources has a one year low of $3.14 and a one year high of $5.55.

About Sandfire Resources (Get Rating)

Sandfire Resources Limited explores for, evaluates, and develops mineral tenements and projects in Australia and internationally. It primarily explores for copper, gold, and silver, as well as sulphide deposits. The company owns a 100% interest in the DeGrussa copper-gold mine located in the Bryah Basin mineral province of Western Australia; and 87% interest in the Black Butte copper project situated in central Montana, the United States.

Featured Stories