Is Buying ARAFURA RESOURCES NL ORDINARY SHARES AU (OTCMKTS:ARAFF), Having Higher Short Interest a Winning Strategy?

September 16, 2018 - By Lawrence Diaz

The stock of ARAFURA RESOURCES NL ORDINARY SHARES AU (OTCMKTS:ARAFF) registered an increase of 4687.5% in short interest. ARAFF’s total short interest was 38,300 shares in September as published by FINRA. Its up 4687.5% from 800 shares, reported previously. With 10,700 shares average volume, it will take short sellers 4 days to cover their ARAFF’s short positions.

The stock increased 0.18% or $0.0001 during the last trading session, reaching $0.0565. About 5,792 shares traded. Arafura Resources Limited (OTCMKTS:ARAFF) has 0.00% since September 16, 2017 and is . It has underperformed by 15.62% the S&P500.

Arafura Resources Limited explores and develops mineral properties in Australia. The company has market cap of $35.18 million. It operates through three divisions: Project Evaluation and Development, Exploration, and Corporate. It currently has negative earnings. The firm explores for rare earth metals, as well as base and precious metals, iron-vanadium, and gold.

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