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

Shares of ERMAY traded down $0.68 during trading hours on Wednesday, reaching $9.29. The stock had a trading volume of 251 shares, compared to its average volume of 4,963. The company’s 50-day moving average is $7.12 and its two-hundred day moving average is $6.60. Eramet has a 12 month low of $4.44 and a 12 month high of $10.35.

Wall Street Analysts Forecast Growth

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

Eramet Company Profile

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.