Mineral Resources Limited (OTCMKTS:MALRY) Sees Significant Growth in Short Interest

Mineral Resources Limited (OTCMKTS:MALRY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,870 shares, an increase of 121.6% from the September 30th total of 1,295 shares. Based on an average daily trading volume, of 4,061 shares, the short-interest ratio is currently 0.7 days.

Mineral Resources Trading Down 2.4%

Shares of OTCMKTS:MALRY traded down $0.77 during midday trading on Friday, hitting $30.75. The company had a trading volume of 1,556 shares, compared to its average volume of 2,920. The company has a fifty day moving average of $37.94 and a two-hundred day moving average of $41.60. Mineral Resources has a 12-month low of $27.23 and a 12-month high of $53.21.

About Mineral Resources

Mineral Resources Limited is an Australian mining and mining services company with operations primarily in Western Australia. The company provides integrated services across the mining life cycle, including mine development, contract crushing, materials handling, processing, haulage, infrastructure construction and accommodation services for resource projects.

Mineral Resources also owns and operates resource assets, with a focus on iron ore and lithium. Its activities include iron ore mining and exports from Western Australian operations, as well as lithium mining and processing through projects such as Wodgina and Mt Marion.