South32 Ltd. (OTCMKTS:SOUHY) Sees Large Growth in Short Interest

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 21,500 shares, a growth of 26.5% from the May 15th total of 17,000 shares. Based on an average daily trading volume, of 149,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research analysts recently weighed in on SOUHY shares. UBS Group downgraded shares of South32 from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Canaccord Genuity Group upgraded South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 23rd. BNP Paribas upgraded South32 to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Citigroup lowered South32 from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

South32 Trading Up 0.3%

Shares of SOUHY traded up $0.03 during midday trading on Wednesday, reaching $9.69. The company had a trading volume of 46,726 shares, compared to its average volume of 137,591. The firm has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $10.26. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.15. South32 has a 1-year low of $7.52 and a 1-year high of $13.04.

South32 Company Profile

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.

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