Minerva S.A. (OTCMKTS:MRVSY) Sees Significant Drop in Short Interest

Minerva S.A. (OTCMKTS:MRVSY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,819 shares, a drop of 63.1% from the May 31st total of 13,069 shares. Based on an average daily volume of 21,848 shares, the days-to-cover ratio is presently 0.2 days.

Minerva Stock Performance

Shares of OTCMKTS MRVSY opened at $3.09 on Friday. The firm’s 50 day moving average price is $3.23 and its 200-day moving average price is $3.70. Minerva has a 52-week low of $2.82 and a 52-week high of $5.39.

Minerva Company Profile

Minerva SA produces and sells fresh meat, livestock, and by-products in South America and internationally. The company is also involved in slaughtering, deboning, and processing of cattle, meat, beef, and sheep meat; selling chilled, frozen, and processed meat, as well as beef, pork, and poultry products; exporting and selling live cattle; and breeding and selling live cattle, lambs, pigs, and other live animals. In addition, it trades in and sells electric power; trades in food products and carbon credits; sells third parties' brands primarily Swift products; and prepares products for animals, which include meat/bone meal, blood, and tallow.