Eramet S.A. (OTCMKTS:ERMAY) Short Interest Update

Eramet S.A. (OTCMKTS:ERMAY) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 89 shares, a decrease of 70.9% from the January 15th total of 306 shares. Based on an average trading volume of 4,203 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 4,203 shares, the days-to-cover ratio is currently 0.0 days.

Eramet Trading Down 2.3%

Shares of OTCMKTS:ERMAY opened at $7.59 on Wednesday. Eramet has a one year low of $4.44 and a one year high of $10.35. The company has a 50 day moving average of $7.57 and a 200-day moving average of $6.74.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf upgraded shares of Eramet from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Eramet 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.