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

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

Eramet Stock Down 3.4%

ERMAY traded down $0.32 on Thursday, hitting $9.17. 108 shares of the company traded hands, compared to its average volume of 4,388. Eramet has a 12-month low of $4.44 and a 12-month high of $10.35. The company has a 50 day moving average of $7.18 and a 200-day moving average of $6.62.

Wall Street Analyst Weigh In

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