What Will Happen to BRAZIL MINERALS INCORPORATED (OTCMKTS:BMIX) Next? The Stock Has Decline in Shorts

September 17, 2017 - By Winifred Garcia

The stock of BRAZIL MINERALS INCORPORATED (OTCMKTS:BMIX) registered a decrease of 54.78% in short interest. BMIX’s total short interest was 7,100 shares in September as published by FINRA. Its down 54.78% from 15,700 shares, reported previously.

The stock decreased 12.50% or $0.001 on September 15, reaching $0.007. About 325,007 shares traded. Brazil Minerals Inc (OTCMKTS:BMIX) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Brazil Minerals, Inc. is engaged in the business of acquiring controlling positions or significant positions with roles in companies in Brazil in the minerals area or in industries related to minerals. The company has market cap of $545,921. The Company, through subsidiaries, outright or jointly owns approximately 11 mining concessions and over 15 other mineral rights in Brazil, for diamonds and gold. It currently has negative earnings. The Company, through subsidiaries, owns an alluvial diamond and gold processing and recovery plant, a sand processing and mortar plant, and several pieces of earth-moving capital equipment used for mining, as well as machines for sand processing and preparation of mortar.

More notable recent Brazil Minerals Inc (OTCMKTS:BMIX) news were published by: Mining.com which released: “Brazil Minerals mines largest rough diamond to date” on April 06, 2015, also Marketwired.com with their article: “Well-Regarded Mining Investor Begins Stock Position in Brazil Minerals, Inc …” published on April 20, 2015, Marketwired.com published: “Brazil Minerals, Inc. Now Owns 100% of the Duas Barras Diamond & Gold Mine” on October 07, 2014. More interesting news about Brazil Minerals Inc (OTCMKTS:BMIX) were released by: Prnewswire.com and their article: “Brazil Minerals, Inc.’s Monthly Revenues Grow 43% and its Local Operations …” published on September 06, 2017 as well as Finance.Yahoo.com‘s news article titled: “Brazil Minerals Releases Video of First Operating Modular Plant for Diamond …” with publication date: March 21, 2017.

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