South32 Ltd. (OTCMKTS:SOUHY) Stock Short Interest Jumps 141.6%

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 83,818 shares, an increase of 141.6% from the September 15th total of 34,698 shares. Based on an average daily volume of 121,730 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

South32 Trading Down 2.9%

SOUHY opened at $16.83 on Wednesday. South32 has a fifty-two week low of $9.41 and a fifty-two week high of $19.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.92 and a current ratio of 2.44. The company’s 50-day moving average is $17.72 and its 200 day moving average is $16.19.

About South32

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. It was established in 2015 through the demerger of selected assets from BHP and is listed in Australia, South Africa and the United Kingdom, with American depositary shares traded over the counter under the symbol SOUHY.

The company produces alumina, aluminium, manganese, silver, lead and zinc, and has interests in copper projects. Its portfolio includes alumina and aluminium operations in Australia, Brazil and Mozambique; manganese operations in Australia and South Africa; the Cannington silver-lead-zinc mine in Queensland; and the Sierra Gorda copper mine in Chile.