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

Mineral Resources Limited (OTCMKTS:MALRY) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 9,300 shares, an increase of 520.0% from the March 15th total of 1,500 shares. Based on an average daily volume of 31,000 shares, the short-interest ratio is presently 0.3 days.

Mineral Resources Price Performance

Shares of MALRY stock traded up $0.99 on Monday, hitting $11.34. 21,734 shares of the company’s stock were exchanged, compared to its average volume of 16,616. Mineral Resources has a 12 month low of $8.64 and a 12 month high of $53.35. The company has a 50 day moving average of $15.20 and a 200 day moving average of $21.33.

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.