Short Interest in South32 Ltd. (OTCMKTS:SOUHY) Declines By 93.2%

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 18,679 shares, a drop of 93.2% from the January 15th total of 275,941 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 241,554 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 241,554 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

South32 Trading Down 0.1%

Shares of South32 stock traded down $0.01 during trading on Tuesday, hitting $16.16. 31,946 shares of the company were exchanged, compared to its average volume of 99,218. The firm’s fifty day moving average price is $13.25 and its 200 day moving average price is $10.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83. South32 has a 1-year low of $7.52 and a 1-year high of $16.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Citigroup reaffirmed a “neutral” rating on shares of South32 in a research report on Tuesday. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, South32 has a consensus rating of “Hold”.

Check Out Our Latest Research Report on South32

South32 Company Profile

(Get Free Report)

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.

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