Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Up 101.0% in August

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 64,944 shares, a growth of 101.0% from the August 15th total of 32,310 shares. Based on an average daily volume of 369,228 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Lynas Rare Earths Price Performance

OTCMKTS:LYSDY opened at $9.87 on Monday. The company has a current ratio of 9.25, a quick ratio of 7.94 and a debt-to-equity ratio of 0.05. Lynas Rare Earths has a 12 month low of $8.08 and a 12 month high of $16.18. The business’s 50-day moving average is $11.11 and its 200 day moving average is $12.64.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Lynas Rare Earths currently has an average rating of “Strong Buy”.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.