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

Mineral Resources Limited (OTCMKTS:MALRY) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 9,300 shares, a growth of 520.0% from the March 15th total of 1,500 shares. Based on an average daily trading volume, of 31,000 shares, the short-interest ratio is currently 0.3 days.

Mineral Resources Price Performance

Shares of OTCMKTS:MALRY traded up $0.99 on Tuesday, reaching $11.34. 21,734 shares of the company traded hands, compared to its average volume of 16,616. The company’s 50 day moving average is $14.99 and its 200-day moving average is $21.17. Mineral Resources has a fifty-two week low of $8.64 and a fifty-two week high of $53.35.

About Mineral Resources

Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.