Short Interest in South32 Ltd. (OTCMKTS:SOUHY) Declines By 75.9%

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 26,000 shares, a decrease of 75.9% from the August 31st total of 108,100 shares. Based on an average daily trading volume, of 355,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 355,100 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group cut shares of South32 from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. The Goldman Sachs Group downgraded shares of South32 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 7th. Finally, Zacks Research cut shares of South32 from a “hold” rating to a “strong sell” rating in a report on Friday, September 19th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

South32 Stock Performance

SOUHY stock opened at $9.19 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. South32 has a 52-week low of $7.52 and a 52-week high of $13.04. The company’s 50 day simple moving average is $9.12 and its 200-day simple moving average is $9.38.

South32 Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 22nd will be issued a $0.1196 dividend. The ex-dividend date is Friday, September 19th. This represents a dividend yield of 316.0%.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.