Short Interest in BHP Group Limited (NYSE:BHP) Expands By 8.8%

BHP Group Limited (NYSE:BHP) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 9,680,000 shares, an increase of 8.8% from the June 15th total of 8,900,000 shares. Based on an average daily trading volume, of 2,310,000 shares, the short-interest ratio is presently 4.2 days.

BHP Group Stock Down 1.3 %

NYSE:BHP traded down $0.74 during mid-day trading on Thursday, hitting $56.25. 1,340,162 shares of the company’s stock traded hands, compared to its average volume of 2,423,563. The firm has a 50 day moving average of $58.33 and a two-hundred day moving average of $59.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. BHP Group has a 12 month low of $54.28 and a 12 month high of $69.11.

Institutional Investors Weigh In On BHP Group

Several hedge funds have recently modified their holdings of BHP. Baader Bank Aktiengesellschaft acquired a new position in BHP Group during the 2nd quarter valued at $208,000. Wealth Enhancement Advisory Services LLC raised its position in shares of BHP Group by 13.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,167 shares of the mining company’s stock valued at $1,094,000 after buying an additional 2,292 shares during the last quarter. Wedmont Private Capital lifted its stake in shares of BHP Group by 46.7% in the second quarter. Wedmont Private Capital now owns 6,140 shares of the mining company’s stock valued at $364,000 after buying an additional 1,955 shares during the period. Sequoia Financial Advisors LLC grew its position in BHP Group by 0.7% during the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after buying an additional 202 shares in the last quarter. Finally, Strong Tower Advisory Services increased its stake in BHP Group by 26.3% during the second quarter. Strong Tower Advisory Services now owns 23,619 shares of the mining company’s stock valued at $1,348,000 after acquiring an additional 4,920 shares during the period. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup initiated coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.