Short Interest in Eramet S.A. (OTCMKTS:ERMAY) Rises By 39.3%

Eramet S.A. (OTCMKTS:ERMAY) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 124 shares, a growth of 39.3% from the January 29th total of 89 shares. Based on an average trading volume of 1,641 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 1,641 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

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

Eramet Price Performance

ERMAY stock opened at $7.10 on Wednesday. The firm has a 50-day simple moving average of $7.82 and a 200-day simple moving average of $6.82. Eramet has a 52 week low of $4.44 and a 52 week high of $10.35.

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.