South32 Limited (OTCMKTS:SOUHY) Sees Large Growth in Short Interest

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 20,400 shares, a growth of 30.8% from the August 15th total of 15,600 shares. Based on an average trading volume of 185,400 shares, the days-to-cover ratio is presently 0.1 days.

South32 Trading Up 1.4 %

SOUHY stock traded up $0.14 during mid-day trading on Friday, hitting $10.67. 101,371 shares of the company were exchanged, compared to its average volume of 156,222. South32 has a 1-year low of $9.00 and a 1-year high of $13.34. The business has a 50 day simple moving average of $10.36 and a 200-day simple moving average of $10.98.

South32 Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, September 20th will be given a dividend of $0.1426 per share. This is a positive change from South32’s previous dividend of $0.02. The ex-dividend date is Friday, September 20th.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup upgraded shares of South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group upgraded South32 to a “strong sell” rating in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.