Lynas Corp. (OTCMKTS:LYSDY) Short Interest Up 76.2% in July

Key Points

• Lynas Corp. experienced a significant increase in short interest of 76.2% in July, with 890,100 shares sold short by July 31st.
• Despite this increase, Wall Street analysts have downgraded Lynas from a "strong-buy" to a "hold" rating as of July 25th.
• Lynas stock traded up 2.7% to $9.66, with a noticeable trading volume of 463,832 shares on a day when the average volume was 399,208.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 890,100 shares, anincreaseof76.2% from the July 15th total of 505,100 shares. Currently,0.1% of the shares of the company are sold short. Based on an average daily volume of 736,100 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 736,100 shares, the days-to-cover ratio is presently 1.2 days. Currently,0.1% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut shares of Lynas from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th.

Lynas Trading Up 2.7%

Lynas stock traded up $0.25 on Monday, hitting $9.66. 463,832 shares of the stock traded hands, compared to its average volume of 399,208. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.57 and a current ratio of 3.60. The business's fifty day simple moving average is $6.74 and its 200 day simple moving average is $5.49. Lynas has a 1 year low of $3.79 and a 1 year high of $9.75.

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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