Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Up 36.8% in March

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 577,075 shares, a growth of 36.8% from the February 26th total of 421,886 shares. Based on an average daily trading volume, of 786,799 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. TD Securities raised shares of Lynas Rare Earths to a “hold” rating in a research note on Monday, February 9th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Lynas Rare Earths Price Performance

LYSDY stock opened at $13.52 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. The business has a fifty day simple moving average of $12.17 and a 200-day simple moving average of $10.85. Lynas Rare Earths has a 52 week low of $4.20 and a 52 week high of $16.18.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.