Minerva S.A. (OTCMKTS:MRVSY) Sees Large Increase in Short Interest

Minerva S.A. (OTCMKTS:MRVSY) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 16,056 shares, a growth of 147.9% from the August 31st total of 6,476 shares. Based on an average trading volume of 5,654 shares, the days-to-cover ratio is currently 2.8 days.

Minerva Price Performance

OTCMKTS MRVSY remained flat at $3.24 during trading on Friday. The business has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $3.14. Minerva has a 52-week low of $2.45 and a 52-week high of $5.39.

Minerva Company Profile

Minerva SA, operating as Minerva Foods, is a Brazilian food company focused primarily on beef production and processing. The company purchases cattle and operates industrial facilities that process fresh and frozen beef for retail, foodservice and industrial customers.

In addition to beef products, Minerva Foods markets processed foods, animal byproducts and related products, including hides, leather and other items derived from the cattle-processing chain. Its products are sold under various brands and are distributed through domestic and international channels.

Headquartered in Barretos, São Paulo, Brazil, Minerva Foods serves customers in Brazil and international markets.