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

Eramet S.A. (OTCMKTS:ERMAY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,400 shares, a growth of 2,300.0% from the February 28th total of 100 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 1.7 days.

Eramet Stock Performance

ERMAY stock remained flat at $5.97 during midday trading on Thursday. Eramet has a twelve month low of $5.02 and a twelve month high of $12.21. The business’s fifty day moving average price is $5.93 and its two-hundred day moving average price is $6.03.

About Eramet

ERAMET SA operates as a mining and metallurgical company in France, Asia, Europe, North America, and internationally. The company extracts and processes manganese ore and nickel ore; and extracts and develops mineral sands. It also produces ferronickel, nickel pig iron, briquettes, nickel salts, high purity nickel, nickel ferroalloys, and alloy steel and casting; manganese alloys, such as high-carbon ferromanganese, silicomanganese, low and medium-carbon ferromanganese, and low-carbon silicomanganese for use in batteries, pigments, construction, and automotive industries; and mineral sands, such as titanium dioxide, high-purity pig iron, zircon, and ilmenite used in ceramics and pigments.