Euro Manganese Inc. (OTCMKTS:EUMNF) Sees Significant Increase in Short Interest

Euro Manganese Inc. (OTCMKTS:EUMNF) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 83,172 shares, an increase of 87.0% from the July 30th total of 44,488 shares. Based on an average daily trading volume, of 58,889 shares, the days-to-cover ratio is currently 1.4 days.

Euro Manganese Price Performance

Shares of Euro Manganese stock remained flat at $0.07 during trading on Monday. 5,000 shares of the stock traded hands, compared to its average volume of 41,468. Euro Manganese has a 1-year low of $0.04 and a 1-year high of $0.33. The stock’s 50-day simple moving average is $0.07 and its 200 day simple moving average is $0.10.

About Euro Manganese

Euro Manganese Inc is a Canada-based company focused on the development of the Chvaletice Manganese Project, located approximately 60 kilometers east of Prague in the Czech Republic. The project aims to repurpose historic tailings from a former pyrite mine into high-purity manganese products for the rapidly growing lithium-ion battery market. Using a proprietary hydrometallurgical process, Euro Manganese plans to extract and refine manganese from these tailings, reducing environmental footprint compared to traditional hard-rock mining methods.

The company’s principal product is high-purity manganese sulfate monohydrate (HPMSM), a critical precursor for cathode manufacturing in electric vehicle (EV) batteries and energy storage systems.