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

Eramet S.A. (OTCMKTS:ERMAY) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 432 shares, a drop of 41.5% from the November 30th total of 738 shares. Based on an average trading volume of 1,218 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 1,218 shares, the days-to-cover ratio is presently 0.4 days.

Eramet Stock Up 1.8%

Shares of ERMAY traded up $0.11 during trading hours on Monday, hitting $6.31. 150 shares of the stock were exchanged, compared to its average volume of 1,638. Eramet has a 12-month low of $4.44 and a 12-month high of $7.71. The stock’s 50-day moving average price is $6.27 and its two-hundred day moving average price is $6.14.

Eramet Company Profile

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.