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

Eramet S.A. (OTCMKTS:ERMAY) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 124 shares, a growth of 39.3% from the January 29th total of 89 shares. Based on an average trading volume of 1,641 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,641 shares, the days-to-cover ratio is currently 0.1 days.

Eramet Price Performance

Shares of ERMAY stock remained flat at $7.10 during trading hours on Tuesday. 37 shares of the stock were exchanged, compared to its average volume of 3,484. Eramet has a twelve month low of $4.44 and a twelve month high of $10.35. The firm has a fifty day moving average of $7.80 and a two-hundred day moving average of $6.82.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf raised shares of Eramet from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Eramet currently has an average 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.