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

Eramet S.A. (OTCMKTS:ERMAY) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,400 shares, an increase of 25.6% from the March 31st total of 4,300 shares. Based on an average daily trading volume, of 3,100 shares, the short-interest ratio is currently 1.7 days.

Eramet Price Performance

Shares of Eramet stock traded down $0.37 on Tuesday, reaching $9.59. 1,768 shares of the company’s stock were exchanged, compared to its average volume of 2,688. The firm’s 50-day moving average is $7.57 and its two-hundred day moving average is $7.33. Eramet has a 52 week low of $6.32 and a 52 week high of $9.99.

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.