Sandfire Resources Limited (OTCMKTS:SFRRF) Short Interest Update

Sandfire Resources Limited (OTCMKTS:SFRRF) saw a large 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 daily volume of 10 shares, the short-interest ratio is presently 9,128.5 days.

Sandfire Resources Stock Performance

Shares of Sandfire Resources stock opened at $15.47 on Tuesday. Sandfire Resources has a 1 year low of $8.25 and a 1 year high of $16.50. The company has a 50-day moving average of $15.09 and a 200 day moving average of $13.50.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada downgraded shares of Sandfire Resources to a “sector perform” rating in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.