Mineral Resources Limited (OTCMKTS:MALRY) Sees Significant Growth in Short Interest

Mineral Resources Limited (OTCMKTS:MALRY) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 99,700 shares, an increase of 14,142.9% from the December 31st total of 700 shares. Based on an average daily trading volume, of 60,400 shares, the days-to-cover ratio is presently 1.7 days.

Mineral Resources Trading Down 0.6 %

Shares of OTCMKTS MALRY opened at $22.23 on Thursday. Mineral Resources has a 12-month low of $19.66 and a 12-month high of $53.35. The firm’s 50-day simple moving average is $22.03 and its 200 day simple moving average is $26.85.

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.