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

Eramet S.A. (OTCMKTS:ERMAY – Get Rating) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 2,000 shares, a growth of 53.8% from the April 30th total of 1,300 shares. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is presently 0.4 days.

Eramet Stock Performance

Eramet stock opened at $9.00 on Friday. The company has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $9.66. Eramet has a one year low of $5.96 and a one year high of $15.55.

About Eramet

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Eramet SA engages in the production of mining and metallurgical products. It operates business through the following divisions: Manganese, Nickel, Mineral Sands, and Lithium. The Manganese division includes the production, sale, and mining of manganese alloys and manganese chemical derivatives. The Nickel division engages in mining, production, and sales of nickel and its derivative applications.