Mineral Resources Limited (OTCMKTS:MALRY) Short Interest Update

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

Mineral Resources Stock Up 6.1 %

OTCMKTS MALRY traded up $1.34 during midday trading on Wednesday, hitting $23.30. 6,774 shares of the company traded hands, compared to its average volume of 10,271. Mineral Resources has a 52 week low of $19.66 and a 52 week high of $53.35. The company’s 50-day simple moving average is $22.22 and its 200-day simple moving average is $27.91.

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.