Mineral Resources Limited (OTCMKTS:MALRY) Sees Large Drop in Short Interest

Mineral Resources Limited (OTCMKTS:MALRY) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, a decline of 91.8% from the February 28th total of 18,200 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is presently 0.0 days.

Mineral Resources Stock Performance

OTCMKTS:MALRY traded down $0.11 during trading hours on Wednesday, reaching $15.22. 4,758 shares of the company were exchanged, compared to its average volume of 16,331. The stock has a 50 day simple moving average of $18.10 and a 200 day simple moving average of $22.63. Mineral Resources has a 52-week low of $13.01 and a 52-week high of $53.35.

About Mineral Resources

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.