Short Interest in Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY) Expands By 128.7%

Key Points

• Short interest in Lynas Rare Earths Limited surged by 128.7% in September, reaching a total of 175,400 shares as of September 30th.
• Lynas Rare Earths' stock experienced a gain of 13.3%, with shares trading at $13.84 and a trading volume of nearly 1.8 million shares.
• Analyst sentiment has turned cautious, with Canaccord Genuity lowering its rating from "strong-buy" to "hold", contributing to a consensus rating of "Hold" among research analysts.

Lynas Rare Earths Limited - Sponsored ADR (OTCMKTS:LYSDY - Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 175,400 shares, a growth of 128.7% from the September 15th total of 76,700 shares. Based on an average trading volume of 608,000 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 608,000 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered Lynas Rare Earths from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold".

Lynas Rare Earths Stock Up 13.3%

LYSDY stock traded up $1.63 on Monday, reaching $13.84. 1,796,029 shares of the company traded hands, compared to its average volume of 841,442. Lynas Rare Earths has a one year low of $3.79 and a one year high of $16.18. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $10.66 and a 200-day simple moving average of $7.51.

Lynas Rare Earths 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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