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

Mineral Resources Limited (OTCMKTS:MALRY) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 1,100 shares, a drop of 73.2% from the September 30th total of 4,100 shares. Based on an average daily volume of 18,600 shares, the days-to-cover ratio is presently 0.1 days.

Mineral Resources Trading Down 5.1 %

Shares of OTCMKTS:MALRY traded down $1.22 during midday trading on Friday, hitting $22.60. 3,728 shares of the company’s stock were exchanged, compared to its average volume of 8,793. Mineral Resources has a 12 month low of $19.66 and a 12 month high of $53.35. The stock has a 50 day moving average price of $28.74 and a 200-day moving average price of $37.60.

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.