Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY – Get Free Report) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 34,682 shares, a decline of 73.7% from the June 15th total of 131,740 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 449,205 shares, the days-to-cover ratio is presently 0.1 days.
Lynas Rare Earths Stock Down 1.4%
LYSDY stock traded down $0.17 during midday trading on Friday, hitting $11.60. The company’s stock had a trading volume of 155,036 shares, compared to its average volume of 207,984. Lynas Rare Earths has a 12 month low of $6.15 and a 12 month high of $16.18. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.94 and a current ratio of 9.25. The firm’s 50-day moving average is $13.01 and its 200-day moving average is $12.40.
Analysts Set New Price Targets
Separately, Macquarie Infrastructure raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
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.
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