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

Eramet S.A. (OTCMKTS:ERMAY) saw 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 volume of 1,361 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,361 shares, the short-interest ratio is currently 0.1 days.

Eramet Stock Up 5.0%

Shares of ERMAY opened at $8.94 on Wednesday. The company has a 50-day simple moving average of $6.45 and a 200-day simple moving average of $6.33. Eramet has a 52 week low of $4.44 and a 52 week high of $9.02.

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.