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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 337,534 shares, a growth of 52.2% from the December 31st total of 221,713 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,132,918 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 1,132,918 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Lynas Rare Earths Price Performance

Lynas Rare Earths stock traded down $0.38 during midday trading on Friday, hitting $10.16. 383,414 shares of the company’s stock were exchanged, compared to its average volume of 562,851. Lynas Rare Earths has a 12-month low of $3.85 and a 12-month high of $16.18. The firm’s 50 day simple moving average is $9.55 and its 200 day simple moving average is $9.70. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

About Lynas Rare Earths

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.