Eramet S.A. (OTCMKTS:ERMAY) Short Interest Up 10,500.0% in February

Eramet S.A. (OTCMKTS:ERMAY) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 13,144 shares, an increase of 10,500.0% from the February 12th total of 124 shares. Based on an average daily trading volume, of 4,917 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 4,917 shares, the days-to-cover ratio is currently 2.7 days.

Eramet Stock Performance

OTCMKTS:ERMAY opened at $6.48 on Thursday. The stock’s 50-day moving average is $7.85 and its 200-day moving average is $6.84. Eramet has a 1-year low of $4.44 and a 1-year high of $10.35.

Analysts Set New Price Targets

Separately, Oddo Bhf raised Eramet from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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.