Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Update

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 82,169 shares, an increase of 75.0% from the May 14th total of 46,948 shares. Based on an average trading volume of 498,690 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Lynas Rare Earths Trading Down 0.2%

Shares of LYSDY traded down $0.02 during mid-day trading on Monday, reaching $12.55. The company’s stock had a trading volume of 257,070 shares, compared to its average volume of 352,610. Lynas Rare Earths has a 12-month low of $5.26 and a 12-month high of $16.18. The company’s 50 day moving average is $13.74 and its 200 day moving average is $11.91.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Lynas Rare Earths

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.