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

Mineral Resources Limited (OTCMKTS:MALRY) was the target of a large 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 trading volume of 60,400 shares, the short-interest ratio is currently 1.7 days.

Mineral Resources Stock Up 2.6 %

OTCMKTS MALRY opened at $22.37 on Wednesday. Mineral Resources has a 1-year low of $19.66 and a 1-year high of $53.35. The stock’s 50 day moving average is $22.03 and its two-hundred day moving average is $26.97.

About Mineral Resources

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.