Short Interest in Lynas Corp. (OTCMKTS:LYSDY) Drops By 50.0%

Key Points

• Short interest in Lynas Corp. has decreased by 50.0% in August, falling from 515,200 shares to 257,400 shares.
• Analyst Canaccord Genuity Group has downgraded Lynas from a "strong-buy" to a "hold" rating.
• Lynas shares opened at $9.46, with a 52-week range between $3.79 and $9.86.

Lynas Corp. (OTCMKTS:LYSDY - Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 257,400 shares, a decrease of 50.0% from the August 15th total of 515,200 shares. Based on an average daily volume of 845,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 845,900 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered 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 data from MarketBeat.com, the company currently has an average rating of "Hold".

Lynas Trading Down 1.1%

Shares of LYSDY stock opened at $9.46 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.57 and a debt-to-equity ratio of 0.07. Lynas has a 52-week low of $3.79 and a 52-week high of $9.86. The business's fifty day moving average is $8.09 and its 200 day moving average is $6.16.

Lynas Company Profile

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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