Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY) Short Interest Down 63.2% in April

Key Points

• Short interest fell 63.2% in April to 26,891 shares (from 73,166 on March 31), leaving a short-interest ratio of 0.0 days and effectively 0.0% of shares short.
• Analyst sentiment is positive with three analysts rating the stock Strong Buy and two rating Hold, giving an average rating of "Buy" (notable moves: Jefferies to strong-buy; TD Securities to hold).
• Shares opened at $13.06, trading with a 1‑year range of $4.65–$16.18 and technicals showing a 50‑day SMA of $13.49 versus a 200‑day SMA of $11.35.

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 26,891 shares, a drop of 63.2% from the March 31st total of 73,166 shares. Based on an average daily volume of 563,984 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Securities raised shares of Lynas Rare Earths to a "hold" rating in a research report on Monday, February 9th. Jefferies Financial Group upgraded shares of Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 11th. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Lynas Rare Earths Price Performance

Shares of OTCMKTS:LYSDY opened at $13.06 on Friday. Lynas Rare Earths has a 1 year low of $4.65 and a 1 year high of $16.18. The company's 50 day simple moving average is $13.49 and its 200 day simple moving average is $11.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.