Eramet S.A. (OTCMKTS:ERMAY) Short Interest Down 22.7% in May

Eramet S.A. (OTCMKTS:ERMAY) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 1,700 shares, a drop of 22.7% from the April 30th total of 2,200 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 1.9 days.

Eramet Stock Up 2.9%

ERMAY stock traded up $0.16 during midday trading on Wednesday, hitting $5.62. The stock had a trading volume of 9 shares, compared to its average volume of 1,604. Eramet has a 12-month low of $4.44 and a 12-month high of $12.21. The company’s 50-day moving average price is $5.39 and its 200 day moving average price is $5.61.

Eramet Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.0998 per share. The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a dividend yield of 1.78%.

Wall Street Analysts Forecast Growth

Separately, Oddo Bhf downgraded shares of Eramet to an “underperform” rating in a research report on Monday, April 28th.

Eramet Company Profile

ERAMET SA operates as a mining and metallurgical company in France, Asia, Europe, North America, and internationally. The company extracts and processes manganese ore and nickel ore; and extracts and develops mineral sands. It also produces ferronickel, nickel pig iron, briquettes, nickel salts, high purity nickel, nickel ferroalloys, and alloy steel and casting; manganese alloys, such as high-carbon ferromanganese, silicomanganese, low and medium-carbon ferromanganese, and low-carbon silicomanganese for use in batteries, pigments, construction, and automotive industries; and mineral sands, such as titanium dioxide, high-purity pig iron, zircon, and ilmenite used in ceramics and pigments.