Mineral Resources Limited (OTCMKTS:MALRF) Short Interest Up 139.9% in April

Mineral Resources Limited (OTCMKTS:MALRFGet Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 185,000 shares, an increase of 139.9% from the March 31st total of 77,100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 370.0 days.

A number of equities analysts have recently commented on MALRF shares. The Goldman Sachs Group raised shares of Mineral Resources from a “neutral” rating to a “buy” rating in a research report on Monday, April 11th. JPMorgan Chase & Co. upgraded shares of Mineral Resources from an “underweight” rating to a “neutral” rating in a research note on Tuesday, April 5th. Finally, Morgan Stanley upgraded shares of Mineral Resources to a “buy” rating and set a $56.00 price objective on the stock in a research note on Monday, March 28th.

MALRF opened at $41.42 on Friday. Mineral Resources has a fifty-two week low of $27.13 and a fifty-two week high of $48.27. The firm’s fifty day moving average price is $37.80 and its two-hundred day moving average price is $36.10.

Mineral Resources Company Profile (Get Rating)

Mineral Resources Limited, together with subsidiaries, operates as a mining services and processing company in Australia, China, and Singapore. It operates through three segments: Mining Services, Commodities, and Central. The company offers contract crushing, screening, processing, and specialist mining services; mine services, including materials handling, plant and equipment hire, plant and equipment maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services in the resources sector.

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