Sandfire Resources Limited (OTCMKTS:SFRRF) Short Interest Update

Sandfire Resources Limited (OTCMKTS:SFRRF) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 91,285 shares, a drop of 62.4% from the August 15th total of 242,822 shares. Based on an average trading volume of 10 shares, the days-to-cover ratio is presently 9,128.5 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut Sandfire Resources to a “sector perform” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Sandfire Resources Stock Performance

SFRRF traded down $1.03 during trading on Friday, reaching $15.47. 200 shares of the stock traded hands, compared to its average volume of 4,550. The stock’s 50-day moving average is $15.07 and its 200 day moving average is $13.50. Sandfire Resources has a 12 month low of $8.25 and a 12 month high of $16.50.

Sandfire Resources Company Profile

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.