South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 19.0% in March

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 54,600 shares, a drop of 19.0% from the February 26th total of 67,403 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 109,927 shares, the days-to-cover ratio is currently 0.5 days.

South32 Trading Up 0.7%

OTCMKTS:SOUHY opened at $15.13 on Wednesday. The business has a 50 day moving average of $15.45 and a 200 day moving average of $12.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. South32 has a 1-year low of $7.52 and a 1-year high of $16.89.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of South32 from a “neutral” rating to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on South32

About South32

(Get Free Report)

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.

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