Eramet S.A. (OTCMKTS:ERMAY) Short Interest Up 27.4% in March

Eramet S.A. (OTCMKTS:ERMAY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 3,627 shares, a growth of 27.4% from the March 15th total of 2,846 shares. Based on an average trading volume of 7,421 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Oddo Bhf upgraded 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 data from MarketBeat, the stock currently has an average rating of “Hold”.

Eramet Stock Performance

Shares of ERMAY stock opened at $6.39 on Friday. Eramet has a 1 year low of $5.18 and a 1 year high of $10.35. The stock has a fifty day moving average of $6.36 and a two-hundred day moving average of $6.82.

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.