Short Interest in Euro Manganese Inc. (OTCMKTS:EUMNF) Expands By 135.4%

Euro Manganese Inc. (OTCMKTS:EUMNF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 21,308 shares, a growth of 135.4% from the June 30th total of 9,053 shares. Based on an average trading volume of 8,071 shares, the days-to-cover ratio is currently 2.6 days.

Euro Manganese Stock Performance

EUMNF stock remained flat at $0.05 during midday trading on Wednesday. The company’s stock had a trading volume of 7,000 shares, compared to its average volume of 42,555. Euro Manganese has a twelve month low of $0.05 and a twelve month high of $0.33. The company’s 50-day moving average is $0.07 and its 200-day moving average is $0.11.

Euro Manganese Company Profile

Euro Manganese Inc is a Canada-based company focused on the development of the Chvaletice Manganese Project, located approximately 60 kilometers east of Prague in the Czech Republic. The project aims to repurpose historic tailings from a former pyrite mine into high-purity manganese products for the rapidly growing lithium-ion battery market. Using a proprietary hydrometallurgical process, Euro Manganese plans to extract and refine manganese from these tailings, reducing environmental footprint compared to traditional hard-rock mining methods.

The company’s principal product is high-purity manganese sulfate monohydrate (HPMSM), a critical precursor for cathode manufacturing in electric vehicle (EV) batteries and energy storage systems.