Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY) Sees Large Increase in Short Interest

Key Points

• Short interest jumped by 29.9% to 421,886 shares as of Feb 27 (from 324,867 on Feb 12), with a days-to-cover of 0.6 based on average volume, indicating a relatively low short-covering burden.
• Major brokers including Jefferies, UBS and Goldman Sachs have upgraded Lynas to strong-buy; overall consensus among five analysts is three Strong Buy and two Hold, giving an average rating of Buy.
• LYSDY opened at $13.98, trading between a 12-month low of $4.20 and high of $16.18, and displays low leverage (debt-to-equity 0.07) with solid liquidity (current ratio 2.83, quick ratio 1.67) while its 50- and 200-day moving averages sit at $11.40 and $10.53.

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 421,886 shares, a growth of 29.9% from the February 12th total of 324,867 shares. Based on an average trading volume of 692,096 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 692,096 shares, the days-to-cover ratio is presently 0.6 days.

Lynas Rare Earths Stock Performance

LYSDY stock opened at $13.98 on Friday. Lynas Rare Earths has a twelve month low of $4.20 and a twelve month high of $16.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67. The business's fifty day moving average is $11.40 and its 200-day moving average is $10.53.

Analysts Set New Price Targets

Several research firms recently issued reports on LYSDY. Jefferies Financial Group upgraded Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a report on Wednesday. TD Securities upgraded shares of Lynas Rare Earths to a "hold" rating in a research report on Monday, February 9th. UBS Group raised shares of Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 19th. Finally, The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Lynas Rare Earths presently has an average rating of "Buy".

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited OTCMKTS: LYSDY is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company's flagship operation is the Mount Weld mine in Western Australia, one of the world's highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.

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