South32 Ltd. (OTCMKTS:SOUHY) Sees Large Decrease in Short Interest

South32 Ltd. (OTCMKTS:SOUHY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 47,716 shares, a drop of 50.8% from the June 30th total of 96,896 shares. Based on an average daily volume of 300,528 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

South32 Trading Up 2.2%

Shares of OTCMKTS:SOUHY opened at $15.87 on Wednesday. South32 has a 1 year low of $8.07 and a 1 year high of $17.50. The business has a fifty day moving average price of $15.15 and a two-hundred day moving average price of $15.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71.

Wall Street Analyst Weigh In

SOUHY has been the subject of a number of recent analyst reports. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup reissued a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

South32 Company Profile

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.