Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Up 75.0% in May

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 82,169 shares, a growth of 75.0% from the May 14th total of 46,948 shares. Based on an average daily trading volume, of 498,690 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Lynas Rare Earths Stock Performance

Shares of Lynas Rare Earths stock traded up $0.13 during trading on Tuesday, reaching $12.68. The company’s stock had a trading volume of 70,608 shares, compared to its average volume of 350,381. The stock has a 50-day moving average price of $13.72 and a two-hundred day moving average price of $11.93. Lynas Rare Earths has a one year low of $5.26 and a one year high of $16.18.

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.