Mineral Resources Limited (OTCMKTS:MALRY) Short Interest Down 73.2% in October

Mineral Resources Limited (OTCMKTS:MALRY) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,100 shares, a drop of 73.2% from the September 30th total of 4,100 shares. Based on an average daily trading volume, of 18,600 shares, the days-to-cover ratio is presently 0.1 days.

Mineral Resources Stock Up 1.3 %

MALRY stock traded up $0.30 during midday trading on Friday, reaching $23.82. 27,129 shares of the company’s stock traded hands, compared to its average volume of 8,823. The stock’s 50-day moving average is $28.89 and its 200 day moving average is $37.76. Mineral Resources has a 52-week low of $19.66 and a 52-week high of $53.35.

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.