Minerva S.A. (OTCMKTS:MRVSY – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 16,056 shares, an increase of 147.9% from the August 31st total of 6,476 shares. Based on an average trading volume of 5,654 shares, the short-interest ratio is presently 2.8 days.
Minerva Price Performance
MRVSY remained flat at $3.24 on Friday. Minerva has a twelve month low of $2.45 and a twelve month high of $5.39. The company has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.14.
About Minerva
Minerva SA, operating as Minerva Foods, is a Brazilian food company focused primarily on beef production and processing. The company purchases cattle and operates industrial facilities that process fresh and frozen beef for retail, foodservice and industrial customers.
In addition to beef products, Minerva Foods markets processed foods, animal byproducts and related products, including hides, leather and other items derived from the cattle-processing chain. Its products are sold under various brands and are distributed through domestic and international channels.
Headquartered in Barretos, São Paulo, Brazil, Minerva Foods serves customers in Brazil and international markets.
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