South32 Limited (OTCMKTS:SOUHY) Short Interest Down 83.6% in April

South32 Limited (OTCMKTS:SOUHY - Get Free Report) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 24,100 shares, a drop of 83.6% from the March 31st total of 146,700 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 804,500 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SOUHY shares. UBS Group lowered shares of South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Citigroup reiterated a "buy" rating on shares of South32 in a research note on Tuesday, March 25th. BNP Paribas raised South32 to a "neutral" rating in a report on Wednesday, April 23rd. Finally, Canaccord Genuity Group raised South32 from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

South32 Trading Up 0.2 %

Shares of SOUHY traded up $0.02 during mid-day trading on Thursday, hitting $8.63. The company's stock had a trading volume of 220,786 shares, compared to its average volume of 153,425. The firm has a 50-day simple moving average of $9.93 and a 200 day simple moving average of $10.88. South32 has a 1-year low of $7.52 and a 1-year high of $13.34. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15.

South32 Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 3rd. Investors of record on Friday, March 7th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, March 7th. This is a boost from South32's previous dividend of $0.14.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.