Mineral Resources Limited (OTCMKTS:MALRY) Sees Significant Decrease in Short Interest

Mineral Resources Limited (OTCMKTS:MALRY) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 10,800 shares, a decline of 48.3% from the May 15th total of 20,900 shares. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.9 days.

Mineral Resources Price Performance

OTCMKTS:MALRY traded down $0.10 during midday trading on Tuesday, hitting $15.31. 8,581 shares of the stock were exchanged, compared to its average volume of 13,464. Mineral Resources has a one year low of $8.64 and a one year high of $40.50. The business has a 50-day moving average price of $13.53 and a two-hundred day moving average price of $17.00.

About Mineral Resources

Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.