Short Interest in Eramet S.A. (OTCMKTS:ERMAY) Grows By 533.3%

Eramet S.A. (OTCMKTS:ERMAY) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,900 shares, an increase of 533.3% from the November 15th total of 300 shares. Based on an average daily trading volume, of 23,700 shares, the days-to-cover ratio is currently 0.1 days.

Eramet Price Performance

OTCMKTS:ERMAY traded up $0.18 during mid-day trading on Wednesday, reaching $5.84. The company’s stock had a trading volume of 4,790 shares, compared to its average volume of 2,618. Eramet has a 12-month low of $5.02 and a 12-month high of $12.21. The firm’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $8.04.

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.