BHP Group Limited (NYSE:BHP) Short Interest Update

BHP Group Limited (NYSE:BHP) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 9,480,000 shares, a growth of 5.7% from the December 15th total of 8,970,000 shares. Based on an average trading volume of 2,170,000 shares, the short-interest ratio is currently 4.4 days.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its position in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after buying an additional 203 shares during the last quarter. Huntington National Bank lifted its stake in BHP Group by 17.5% in the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares in the last quarter. Essex Savings Bank boosted its holdings in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after purchasing an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in shares of BHP Group by 2.8% in the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after purchasing an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Up 1.0 %

Shares of BHP Group stock opened at $50.06 on Tuesday. The business has a 50 day simple moving average of $50.87 and a two-hundred day simple moving average of $54.17. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.