South32 Ltd. (OTCMKTS:SOUHY) Sees Significant Increase in Short Interest

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 273,669 shares, an increase of 77.5% from the May 31st total of 154,195 shares. Based on an average daily trading volume, of 197,692 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.0% of the shares of the stock are short sold.

South32 Price Performance

Shares of South32 stock opened at $14.78 on Thursday. The firm’s 50 day moving average is $15.44 and its 200 day moving average is $14.92. South32 has a 1 year low of $8.07 and a 1 year high of $17.50. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SOUHY. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

South32 Company Profile

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.