Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Update

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 577,075 shares, a growth of 36.8% from the February 26th total of 421,886 shares. Based on an average daily volume of 786,799 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Lynas Rare Earths Price Performance

Shares of LYSDY opened at $13.19 on Tuesday. The company has a 50-day simple moving average of $12.21 and a two-hundred day simple moving average of $10.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. Lynas Rare Earths has a one year low of $4.20 and a one year high of $16.18.

Analysts Set New Price Targets

A number of equities analysts recently commented on LYSDY shares. Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. TD Securities upgraded shares of Lynas Rare Earths to a “hold” rating in a report on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently 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.