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

South32 Ltd. (OTCMKTS:SOUHY) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 96,896 shares, a drop of 64.6% from the June 15th total of 273,669 shares. Based on an average daily trading volume, of 253,695 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

South32 Stock Up 2.5%

Shares of SOUHY stock opened at $14.06 on Wednesday. South32 has a twelve month low of $8.07 and a twelve month high of $17.50. The stock has a 50 day moving average of $15.20 and a 200 day moving average of $15.07. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “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.