Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Up 75.0% in May

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 82,169 shares, a growth of 75.0% from the May 14th total of 46,948 shares. Based on an average daily trading volume, of 498,690 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Lynas Rare Earths has a consensus rating of “Buy”.

Lynas Rare Earths Price Performance

Shares of LYSDY stock traded up $0.16 during trading hours on Wednesday, reaching $12.78. 14,518 shares of the company’s stock were exchanged, compared to its average volume of 349,019. Lynas Rare Earths has a 1 year low of $5.26 and a 1 year high of $16.18. The stock’s fifty day moving average price is $13.69 and its two-hundred day moving average price is $11.95.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.