South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

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

South32 Stock Performance

Shares of SOUHY traded down $0.34 during mid-day trading on Friday, hitting $9.29. 113,029 shares of the company's stock were exchanged, compared to its average volume of 79,645. South32 has a 52 week low of $7.52 and a 52 week high of $13.04. The stock's 50-day simple moving average is $9.32 and its 200-day simple moving average is $10.23. The company has a quick ratio of 1.98, a current ratio of 2.83 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

Several research firms have weighed in on SOUHY. Canaccord Genuity Group raised shares of South32 from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 23rd. UBS Group cut shares of South32 from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Citigroup cut shares of South32 from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Finally, BNP Paribas raised shares of South32 to a "neutral" rating in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

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.