South32 Ltd. (OTCMKTS:SOUHY) Short Interest Up 71.0% in July

South32 Ltd. (OTCMKTS:SOUHY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 81,600 shares, a growth of 71.0% from the July 15th total of 47,716 shares. Based on an average daily volume of 153,701 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

South32 Stock Performance

SOUHY stock opened at $17.32 on Tuesday. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. South32 has a 52 week low of $8.07 and a 52 week high of $18.17. The firm’s fifty day moving average is $15.29 and its 200 day moving average is $15.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC bought a new stake in shares of South32 in the 2nd quarter valued at about $252,000. J.Safra Asset Management Corp purchased a new stake in South32 during the 2nd quarter valued at about $266,000. Public Employees Retirement System of Ohio bought a new position in South32 during the 2nd quarter worth approximately $81,000. Finally, Madison Asset Management LLC bought a new position in South32 during the 2nd quarter worth approximately $1,618,000. 0.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Citigroup restated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s 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.