South32 Limited (OTCMKTS:SOUHY) Short Interest Down 64.9% in February

South32 Limited (OTCMKTS:SOUHY) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 36,700 shares, a drop of 64.9% from the February 13th total of 104,700 shares. Based on an average trading volume of 78,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of South32 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 13th.

South32 Trading Down 0.4 %

Shares of South32 stock traded down $0.05 during trading on Thursday, hitting $11.31. 129,939 shares of the stock traded hands, compared to its average volume of 93,060. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. South32 has a 52 week low of $9.00 and a 52 week high of $13.34. The firm’s fifty day moving average is $11.03 and its 200-day moving average is $11.33.

South32 Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 3rd. Investors of record on Friday, March 7th will be given a $0.17 dividend. The ex-dividend date is Friday, March 7th. This is a boost from South32’s previous dividend of $0.14.

South32 Company Profile

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.