South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

Key Points

• South32 Ltd. experienced a significant decline in short interest in September, dropping by 75.9% to 26,000 shares from 108,100 shares in August.
• The company announced a quarterly dividend of $0.1196, which will be paid on October 16th to investors of record as of September 22nd, representing a remarkable yield of 316.0%.
• Despite recent stock performance, analysts are cautious, with several firms downgrading their ratings to "hold" and "strong sell," resulting in a consensus rating of "Reduce."

South32 Ltd. (OTCMKTS:SOUHY - Get Free Report) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 26,000 shares, a drop of 75.9% from the August 31st total of 108,100 shares. Based on an average daily volume of 355,100 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 355,100 shares, the short-interest ratio is currently 0.1 days.

South32 Stock Up 3.1%

SOUHY opened at $9.06 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The business has a fifty day simple moving average of $9.16 and a 200 day simple moving average of $9.40. South32 has a 1 year low of $7.52 and a 1 year high of $13.04.

South32 Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, September 22nd will be paid a $0.1196 dividend. The ex-dividend date is Friday, September 19th. This represents a dividend yield of 316.0%.

Wall Street Analysts Forecast Growth

SOUHY has been the topic of several research analyst reports. Jefferies Financial Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. The Goldman Sachs Group cut South32 from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 7th. Finally, Zacks Research cut shares of South32 from a "hold" rating to a "strong sell" rating in a research report on Friday, September 19th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce".

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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