Lynas Corp. (OTCMKTS:LYSDY) Short Interest Up 84.5% in July

Key Points

• Lynas Corp. experienced a substantial increase in short interest, rising by 84.5% in July, with a total of 505,100 shares shorted as of mid-July.
• The company's stock price increased by 0.9% to $7.86, with a 50-day moving average of $6.21 and a one-year low of $3.73.
• Canaccord Genuity Group has downgraded Lynas shares from a "strong-buy" rating to a "hold" rating as of July 25th.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 505,100 shares, agrowthof84.5% from the June 30th total of 273,800 shares. Based on an average daily trading volume, of 703,100 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 703,100 shares, the short-interest ratio is presently 0.7 days.

Lynas Price Performance

Lynas stock traded up $0.36 during trading on Friday, hitting $8.36. The stock had a trading volume of 732,092 shares, compared to its average volume of 447,304. The stock's 50 day moving average is $6.33 and its two-hundred day moving average is $5.26. Lynas has a 1 year low of $3.79 and a 1 year high of $8.55. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.60 and a quick ratio of 2.57.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered Lynas from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th.

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.