Short Interest in Eramet S.A. (OTCMKTS:ERMAY) Increases By 292.3%

Eramet S.A. (OTCMKTS:ERMAY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 306 shares, an increase of 292.3% from the December 31st total of 78 shares. Based on an average trading volume of 8,143 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 8,143 shares, the days-to-cover ratio is presently 0.0 days.

Eramet Stock Down 6.8%

Eramet stock traded down $0.68 during midday trading on Wednesday, hitting $9.29. The stock had a trading volume of 251 shares, compared to its average volume of 4,963. Eramet has a 12 month low of $4.44 and a 12 month high of $10.35. The business has a fifty day moving average price of $7.12 and a 200 day moving average price of $6.60.

Analysts Set New Price Targets

Separately, Oddo Bhf raised Eramet from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Eramet has a consensus 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.