Eramet S.A. (OTCMKTS:ERMAY – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,204 shares, an increase of 123.6% from the April 30th total of 3,669 shares. Based on an average trading volume of 3,306 shares, the short-interest ratio is currently 2.5 days.
Eramet Stock Performance
OTCMKTS ERMAY opened at $6.21 on Friday. Eramet has a one year low of $5.18 and a one year high of $10.35. The stock’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.77.
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.
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