Sandfire Resources America Short Interest Ratio and Short Volume

Short interest is the volume of Sandfire Resources America shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 20,200 shares of SRAFF short. 0.00% of Sandfire Resources America's shares are currently sold short. View details.

Sandfire Resources America saw a increase in short interest in November. As of November 15th, there was short interest totaling 20,200 shares, an increase of 3,940.0% from the previous total of 500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.00% of Sandfire Resources America's shares are currently sold short. Here is how the short interest of companies in the industry of "other industrial metals & mining" compare to Sandfire Resources America: Adventus Mining Co. (0.00%), Aftermath Silver Ltd. (0.00%), Alpha Lithium Co. (0.00%), American Lithium Corp. (0.00%), AMG Advanced Metallurgical Group (0.00%), Ascendant Resources Inc. (0.00%), Ascot Resources Ltd. (0.00%), Asia Broadband, Inc. (0.00%), Atico Mining Co. (0.00%), and Bluestone Resources Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.96 billion), Aon Plc ($3.87 billion), Moderna, Inc. ($3.77 billion), Analog Devices, Inc. ($3.62 billion), Snap Inc. ($3.05 billion), The Clorox Company ($2.80 billion), The Kroger Co. ($2.11 billion), International Flavors & Fragrances Inc. ($1.98 billion), Expedia Group, Inc. ($1.95 billion), and Peloton Interactive, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling SRAFF is an investing strategy that aims to generate trading profit from Sandfire Resources America as its price is falling. Sandfire Resources America's stock is trading down $0.01 today. To short Sandfire Resources America stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that Sandfire Resources America will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Sandfire Resources America occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of SRAFF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including SRAFF, twice per month. The most recent reporting period available is November, 15 2020.