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

Eramet S.A. (OTCMKTS:ERMAY) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 78 shares, a drop of 81.9% from the December 15th total of 432 shares. Based on an average daily trading volume, of 1,361 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 1,361 shares, the days-to-cover ratio is currently 0.1 days.

Eramet Trading Up 4.1%

Shares of ERMAY opened at $8.52 on Tuesday. The business’s fifty day moving average is $6.41 and its 200 day moving average is $6.30. Eramet has a 12-month low of $4.44 and a 12-month high of $8.52.

About Eramet

Founded in 2008 and headquartered in Paris, Eramet is a global mining and metallurgical group specializing in the production of high-value metal raw materials and alloys. Its core activities span the extraction, processing and refining of manganese and nickel ores, which are critical for stainless steel manufacturing and the rapidly expanding electric vehicle battery market. In recent years, the company has broadened its portfolio to include lithium hydroxide and rare earth elements, aligning its offerings with the needs of energy transition and advanced manufacturing sectors.

Eramet operates in more than twenty countries, with major mining sites in New Caledonia and Gabon and processing facilities across Europe and Asia.