Eramet S.A. (OTCMKTS:ERMAY) Short Interest Up 292.3% in January

Eramet S.A. (OTCMKTS:ERMAY) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 306 shares, an increase 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.

Analyst Upgrades and Downgrades

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

Eramet Price Performance

ERMAY traded down $0.49 during trading on Friday, reaching $9.00. 208 shares of the stock traded hands, compared to its average volume of 4,395. Eramet has a fifty-two week low of $4.44 and a fifty-two week high of $10.35. The stock’s 50-day simple moving average is $7.24 and its two-hundred day simple moving average is $6.63.

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.