Eramet S.A. (OTCMKTS:ERMAY) Sees Large Increase in Short Interest

Eramet S.A. (OTCMKTS:ERMAY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 8,754 shares, a growth of 253.7% from the October 15th total of 2,475 shares. Based on an average daily volume of 2,678 shares, the short-interest ratio is currently 3.3 days.

Eramet Stock Performance

ERMAY stock remained flat at $4.26 during mid-day trading on Thursday. The company’s stock had a trading volume of 547 shares, compared to its average volume of 2,111. The business’s 50 day moving average price is $4.64 and its 200 day moving average price is $5.75. Eramet has a 1-year low of $3.72 and a 1-year high of $10.35.

Eramet Company Profile

Eramet is a French mining and metallurgy group that extracts and processes mineral resources for industries including steelmaking, stainless steel, batteries and advanced materials. Its main products include manganese ore and alloys, nickel products, and mineral sands containing minerals such as zircon and ilmenite. The company’s operations and projects span several regions. Its activities include manganese mining and processing in Gabon, nickel operations in New Caledonia and Indonesia, and mineral-sands production in Senegal.