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

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) saw a large drop in short interest during the month of 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 241,554 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 241,554 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

South32 Trading Down 0.1%

Shares of SOUHY stock traded down $0.01 during trading hours on Tuesday, hitting $16.16. 31,946 shares of the company were exchanged, compared to its average volume of 99,218. South32 has a fifty-two week low of $7.52 and a fifty-two week high of $16.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.83 and a current ratio of 2.43. The company has a 50 day simple moving average of $13.25 and a two-hundred day simple moving average of $10.93.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SOUHY shares. Citigroup restated a “neutral” rating on shares of South32 in a research note on Tuesday. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, South32 presently has an average rating of “Hold”.

Read Our Latest Analysis on SOUHY

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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