Mineral Resources Limited (OTCMKTS:MALRF) Short Interest Update

Mineral Resources Limited (OTCMKTS:MALRF) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,223,100 shares, a growth of 63.8% from the September 15th total of 1,967,400 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 16,115.5 days.

Mineral Resources Price Performance

MALRF stock remained flat at $32.55 during trading on Monday. Mineral Resources has a 1 year low of $18.73 and a 1 year high of $51.88. The stock’s 50 day simple moving average is $28.23 and its 200-day simple moving average is $37.31.

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.