Lynas Corp. (OTCMKTS:LYSDY) Short Interest Update

Key Points

• Lynas Corp. experienced a significant decrease in short interest in September, dropping to 76,700 shares, a reduction of 70.2% from the previous month.
• The company's stock is currently trading at $11.33 with a consensus rating of "Hold" from analysts.
• Canaccord Genuity Group downgraded Lynas from a "strong-buy" rating to a "hold" rating in July.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 76,700 shares, a decrease of 70.2% from the August 31st total of 257,400 shares. Based on an average daily volume of 387,300 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 387,300 shares, the days-to-cover ratio is presently 0.2 days.

Lynas Trading Up 1.7%

LYSDY stock opened at $11.33 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. Lynas has a 1 year low of $3.79 and a 1 year high of $11.55. The business's 50-day moving average is $9.18 and its two-hundred day moving average is $6.70.

Analyst Upgrades and Downgrades

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