South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 47,716 shares, a drop of 50.8% from the June 30th total of 96,896 shares. Based on an average daily volume of 300,528 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
South32 Price Performance
Shares of South32 stock opened at $15.53 on Tuesday. South32 has a 12-month low of $8.07 and a 12-month high of $17.50. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average is $15.12 and its 200-day moving average is $15.25.
Analysts Set New Price Targets
A number of analysts recently commented on SOUHY shares. Citigroup reiterated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.
About South32
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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