Short Interest in Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Expands By 29.9%

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 421,886 shares, a growth of 29.9% from the February 12th total of 324,867 shares. Based on an average daily volume of 692,096 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 692,096 shares, the short-interest ratio is presently 0.6 days.

Analyst Ratings Changes

LYSDY has been the subject of several research reports. Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. UBS Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. TD Securities upgraded Lynas Rare Earths to a “hold” rating in a research note on Monday, February 9th. Finally, The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Three analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lynas Rare Earths presently has an average rating of “Buy”.

Lynas Rare Earths Price Performance

Shares of OTCMKTS:LYSDY opened at $14.97 on Tuesday. Lynas Rare Earths has a one year low of $4.20 and a one year high of $16.18. The company has a 50-day simple moving average of $11.52 and a 200-day simple moving average of $10.57. The company has a quick ratio of 1.67, a current ratio of 2.83 and a debt-to-equity ratio of 0.07.

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.