South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 33,900 shares, an increase of 82.3% from the June 30th total of 18,600 shares. Based on an average trading volume of 109,400 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Citigroup raised South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd.

South32 Price Performance

Shares of OTCMKTS SOUHY traded up $0.33 during mid-day trading on Friday, reaching $9.83. 300,331 shares of the company traded hands, compared to its average volume of 92,728. South32 has a fifty-two week low of $9.01 and a fifty-two week high of $13.34. The stock has a fifty day simple moving average of $12.18 and a 200-day simple moving average of $11.10.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.