Short Interest in South32 Limited (OTCMKTS:SOUHY) Decreases By 28.4%

Posted by Andrew Walz on Oct 13th, 2024

South32 Limited (OTCMKTS:SOUHY – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 90,300 shares, a decrease of 28.4% from the September 15th total of 126,100 shares. Based on an average daily volume of 142,400 shares, the short-interest ratio is currently 0.6 days.

South32 Stock Up 2.6 %

Shares of South32 stock traded up $0.31 during trading on Friday, hitting $12.34. 43,008 shares of the company’s stock traded hands, compared to its average volume of 67,820. South32 has a twelve month low of $9.00 and a twelve month high of $13.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. The firm’s fifty day moving average price is $10.74 and its 200 day moving average price is $11.30.

South32 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.1426 per share. This is an increase from South32’s previous dividend of $0.02. The ex-dividend date is Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised South32 to a “strong sell” rating in a research report on Monday, August 19th. Citigroup upgraded South32 from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 22nd.

Read Our Latest Stock Report on SOUHY

South32 Company Profile

(Get Free Report)

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.