Euro Manganese Inc. (OTCMKTS:EUMNF) Sees Large Increase in Short Interest

Euro Manganese Inc. (OTCMKTS:EUMNFGet Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 59,023 shares, a growth of 83.8% from the May 31st total of 32,106 shares. Based on an average daily trading volume, of 57,112 shares, the days-to-cover ratio is presently 1.0 days.

Euro Manganese Stock Performance

Shares of OTCMKTS:EUMNF opened at $0.08 on Thursday. The stock has a 50 day moving average of $0.09 and a 200 day moving average of $0.12. Euro Manganese has a 12-month low of $0.07 and a 12-month high of $0.33.

About Euro Manganese

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Euro Manganese Inc is a Canada-based company focused on the development of the Chvaletice Manganese Project, located approximately 60 kilometers east of Prague in the Czech Republic. The project aims to repurpose historic tailings from a former pyrite mine into high-purity manganese products for the rapidly growing lithium-ion battery market. Using a proprietary hydrometallurgical process, Euro Manganese plans to extract and refine manganese from these tailings, reducing environmental footprint compared to traditional hard-rock mining methods.

The company’s principal product is high-purity manganese sulfate monohydrate (HPMSM), a critical precursor for cathode manufacturing in electric vehicle (EV) batteries and energy storage systems.

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