Lynas Corp. (OTCMKTS:LYSDY) Short Interest Down 42.1% in August

Key Points

• Lynas Corp. experienced a significant decrease in short interest, dropping 42.1% in August, with total short interest now at 515,200 shares.
• The company's stock price declined to $9.35 per share, demonstrating trading volume of 215,426 shares against an average of 391,400 shares.
• Canaccord Genuity Group downgraded Lynas from a "strong-buy" to a "hold" rating, reflecting a cautious outlook from analysts.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totaling 515,200 shares, adropof42.1% from the July 31st total of 890,100 shares. Based on an average daily volume of 930,100 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 930,100 shares, the days-to-cover ratio is presently 0.6 days.

Lynas Stock Performance

OTCMKTS:LYSDY traded down $0.25 during trading on Friday, reaching $9.35. The company's stock had a trading volume of 215,426 shares, compared to its average volume of 391,400. The company has a quick ratio of 2.57, a current ratio of 3.60 and a debt-to-equity ratio of 0.18. Lynas has a 12 month low of $3.79 and a 12 month high of $9.86. The firm has a 50 day moving average of $7.69 and a 200-day moving average of $5.97.

Analyst Ratings Changes

Separately, Canaccord Genuity Group downgraded Lynas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold".

About Lynas

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.

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