Lynas Corp. (OTCMKTS:LYSDY) Sees Large Increase in Short Interest

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) saw a significant increase in short interest in 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. Approximately0.1% of the company's shares are sold short. Based on an average trading volume of 736,100 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 736,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately0.1% of the company's shares are sold short.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered Lynas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold".

Lynas Stock Up 0.0%

LYSDY stock traded up $0.0045 during mid-day trading on Friday, reaching $9.34. The company's stock had a trading volume of 274,923 shares, compared to its average volume of 445,896. The business's 50 day moving average price is $7.02 and its 200 day moving average price is $5.62. The company has a current ratio of 3.60, a quick ratio of 2.57 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.

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.