South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

Key Points

• South32 Ltd. saw a significant increase in short interest, totaling 108,100 shares as of August 31st, rising by 547.3% from mid-August.
• Analysts, including Jefferies and Goldman Sachs, have dropped South32's rating from "strong-buy" to "hold," with a current consensus rating of "Hold."
• The stock trades at approximately $8.47, with a 50-day moving average of $9.50 and a one-year high of $13.04.

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 108,100 shares, an increase of 547.3% from the August 15th total of 16,700 shares. Based on an average daily volume of 193,100 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 193,100 shares, the days-to-cover ratio is presently 0.6 days.

South32 Stock Performance

Shares of OTCMKTS SOUHY traded up $0.06 during midday trading on Thursday, hitting $8.47. The stock had a trading volume of 60,355 shares, compared to its average volume of 125,096. The stock has a 50 day simple moving average of $9.50 and a 200-day simple moving average of $9.67. South32 has a 1 year low of $7.52 and a 1 year high of $13.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43.

Analysts Set New Price Targets

Several analysts have weighed in on SOUHY shares. Jefferies Financial Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Finally, Citigroup downgraded South32 from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Six investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.