Short Interest in Eramet S.A. (OTCMKTS:ERMAY) Drops By 78.3%

Eramet S.A. (OTCMKTS:ERMAY) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 2,846 shares, a decline of 78.3% from the February 26th total of 13,144 shares. Based on an average daily trading volume, of 236 shares, the short-interest ratio is currently 12.1 days. Based on an average daily trading volume, of 236 shares, the short-interest ratio is currently 12.1 days.

Eramet Trading Up 12.1%

Shares of Eramet stock traded up $0.65 on Wednesday, hitting $6.00. 2,931 shares of the company were exchanged, compared to its average volume of 3,360. The company has a 50-day moving average price of $7.45 and a 200 day moving average price of $6.83. Eramet has a 1-year low of $4.44 and a 1-year high of $10.35.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf upgraded Eramet from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Eramet has a consensus rating of “Hold”.

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.