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

Eramet S.A. (OTCMKTS:ERMAY) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 300 shares, a drop of 62.5% from the October 31st total of 800 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.2 days.

Eramet Stock Performance

Shares of ERMAY traded down $0.10 during mid-day trading on Wednesday, reaching $5.20. 971 shares of the company’s stock were exchanged, compared to its average volume of 2,630. The business’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $8.44. Eramet has a 52-week low of $5.18 and a 52-week high of $12.21.

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.