Sandfire Resources Limited (OTCMKTS:SFRRF) Short Interest Down 36.9% in April

Sandfire Resources Limited (OTCMKTS:SFRRF) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 344,856 shares, a decrease of 36.9% from the April 15th total of 546,812 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 3,448.6 days.

Sandfire Resources Stock Performance

Shares of OTCMKTS:SFRRF remained flat at $13.60 during trading hours on Monday. 750 shares of the stock traded hands, compared to its average volume of 5,615. Sandfire Resources has a twelve month low of $7.00 and a twelve month high of $14.35. The company’s 50 day moving average is $12.14 and its two-hundred day moving average is $11.88.

Analyst Ratings Changes

Separately, Jefferies Financial Group restated a “hold” rating on shares of Sandfire Resources in a research note on Monday, February 16th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Sandfire Resources

Sandfire Resources (OTCMKTS:SFRRF) is an Australian-based mining and exploration company focused on the discovery, development and production of high?grade copper resources. The company’s core operations are anchored by the DeGrussa Copper?Gold Mine in Western Australia, where open?pit and underground mining techniques produce copper?gold concentrate for regional smelters. In addition to DeGrussa, Sandfire Resources has advanced development projects and exploration assets in Botswana and North America, positioning itself as a diversified copper producer with a growing international footprint.

Sandfire’s principal business activities encompass project acquisition, feasibility studies, mine construction, and ongoing mine operations.