Mineral Resources Limited (OTCMKTS:MALRY) Sees Significant Growth in Short Interest

Mineral Resources Limited (OTCMKTS:MALRY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,870 shares, a growth of 121.6% from the September 30th total of 1,295 shares. Based on an average trading volume of 4,061 shares, the short-interest ratio is currently 0.7 days.

Mineral Resources Stock Performance

Shares of OTCMKTS:MALRY traded down $0.77 during midday trading on Friday, hitting $30.75. The company’s stock had a trading volume of 1,556 shares, compared to its average volume of 2,920. Mineral Resources has a 12-month low of $27.23 and a 12-month high of $53.21. The business’s 50 day simple moving average is $37.94 and its 200 day simple moving average is $41.60.

About Mineral Resources

Mineral Resources Limited is an Australian mining and mining services company with operations primarily in Western Australia. The company provides integrated services across the mining life cycle, including mine development, contract crushing, materials handling, processing, haulage, infrastructure construction and accommodation services for resource projects.

Mineral Resources also owns and operates resource assets, with a focus on iron ore and lithium. Its activities include iron ore mining and exports from Western Australian operations, as well as lithium mining and processing through projects such as Wodgina and Mt Marion.