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

Mineral Resources Limited (OTCMKTS:MALRY) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the March 31st total of 300 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 0.0 days.

Mineral Resources Stock Performance

Shares of Mineral Resources stock traded up $0.47 during trading on Thursday, hitting $44.38. The stock had a trading volume of 888 shares, compared to its average volume of 2,030. Mineral Resources has a 1 year low of $34.86 and a 1 year high of $52.61. The stock has a 50 day simple moving average of $44.04 and a 200 day simple moving average of $41.74.

Mineral Resources Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 4th were given a dividend of $0.1158 per share. The ex-dividend date of this dividend was Friday, March 1st.

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.