Short Interest in Mineral Resources Limited (OTCMKTS:MALRY) Rises By 14,142.9%

Mineral Resources Limited (OTCMKTS:MALRY) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 99,700 shares, an increase of 14,142.9% from the December 15th total of 700 shares. Based on an average daily trading volume, of 60,400 shares, the days-to-cover ratio is currently 1.7 days.

Mineral Resources Stock Performance

Shares of MALRY stock traded down $0.66 during trading hours on Monday, reaching $20.95. 3,035 shares of the company’s stock were exchanged, compared to its average volume of 13,222. Mineral Resources has a fifty-two week low of $19.66 and a fifty-two week high of $53.35. The stock’s 50 day moving average is $22.35 and its 200-day moving average is $28.12.

Mineral Resources Company Profile

Mineral Resources Limited, together with subsidiaries, operates as a mining services company in Australia, Asia, and internationally. It operates through five segments: Mining Services, Iron Ore, Lithium, Energy, and Other Commodities. The company offers contract crushing, screening, and processing; specialized mine services, including materials handling, plant and equipment hire and maintenance, tails recovery, and aggregate crushing; and design, engineering, and construction services for resources sector.