Sherritt International Co. (OTCMKTS:SHERF) Sees Large Growth in Short Interest

Sherritt International Co. (OTCMKTS:SHERFGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 22,700 shares, an increase of 95.7% from the April 30th total of 11,600 shares. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 1.4 days.

Sherritt International Price Performance

Shares of OTCMKTS:SHERF remained flat at $0.24 on Wednesday. 1,500 shares of the company’s stock traded hands, compared to its average volume of 12,223. The stock’s fifty day moving average is $0.24 and its 200 day moving average is $0.23. Sherritt International has a 12-month low of $0.19 and a 12-month high of $0.40.

About Sherritt International

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Sherritt International Corporation engages in the mining, processing, refining, and sale of nickel and cobalt in North America, Cuba, Europe, Asia, Australia, and internationally. It operates through Metals, Power, Technologies, Oil and Gas, and Corporate segments. The company also produces and sells agricultural fertilizers, such as anhydrous ammonia, granular ammonium sulfate, and crystalline ammonium sulfate; and sulfuric acid, zinc sulfides, and copper sulfides.

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