Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY) Short Interest Down 87.3% in March

Key Points

• Short interest plunged 87.3% from 577,075 shares on March 15 to 73,166 shares as of March 31, representing about 0.0% of the stock and a days‑to‑cover ratio of just 0.1.
• Shares traded at $15.57 (near the 12‑month high of $16.18) with 50‑day/200‑day SMAs of $12.77/$11.14, and analyst activity has lifted the consensus to a Buy after upgrades including Jefferies to “strong‑buy.”

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 73,166 shares, a drop of 87.3% from the March 15th total of 577,075 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 590,439 shares, the days-to-cover ratio is currently 0.1 days.

Lynas Rare Earths Stock Performance

Shares of OTCMKTS LYSDY traded up $0.04 during trading on Friday, reaching $15.57. 241,841 shares of the company traded hands, compared to its average volume of 418,620. Lynas Rare Earths has a 12-month low of $4.65 and a 12-month high of $16.18. The firm's fifty day simple moving average is $12.77 and its 200 day simple moving average is $11.14.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised Lynas Rare Earths from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. TD Securities raised Lynas Rare Earths to a "hold" rating in a research report on Monday, February 9th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

About Lynas Rare Earths

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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