Minerva S.A. (OTCMKTS:MRVSY – Get Free Report) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 6,187 shares, a drop of 74.6% from the October 15th total of 24,313 shares. Based on an average daily volume of 37,725 shares, the short-interest ratio is presently 0.2 days.
Minerva Price Performance
OTCMKTS:MRVSY opened at $2.14 on Thursday. The stock has a 50 day simple moving average of $2.97 and a 200 day simple moving average of $3.28. Minerva has a 1-year low of $1.83 and a 1-year high of $5.00.
About Minerva
Minerva S.A. is a Brazil-based food company focused primarily on the production, processing and sale of beef and other animal-protein products. Its operations include cattle slaughtering, beef processing, packaged and portioned products, and the export of fresh and frozen meat. The company also produces and sells related byproducts, including hides, leather and processed ingredients. Founded in 1992 and headquartered in Barretos, São Paulo, Minerva serves retail, food-service and industrial customers.
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