Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Sees Large Decrease in Short Interest

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 34,682 shares, a decline of 73.7% from the June 15th total of 131,740 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 449,205 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Macquarie Infrastructure upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Lynas Rare Earths Stock Performance

Shares of OTCMKTS:LYSDY traded down $0.49 during midday trading on Monday, hitting $11.11. The stock had a trading volume of 169,620 shares, compared to its average volume of 335,376. The company’s 50-day moving average price is $13.01 and its 200-day moving average price is $12.40. Lynas Rare Earths has a fifty-two week low of $6.32 and a fifty-two week high of $16.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.25 and a quick ratio of 7.94.

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.