South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 75.9% in September

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 26,000 shares, a drop of 75.9% from the August 31st total of 108,100 shares. Based on an average daily volume of 355,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 355,100 shares, the days-to-cover ratio is presently 0.1 days.

South32 Stock Performance

SOUHY stock opened at $9.19 on Friday. South32 has a 1 year low of $7.52 and a 1 year high of $13.04. The company has a fifty day simple moving average of $9.12 and a 200 day simple moving average of $9.38. The company has a quick ratio of 1.83, a current ratio of 2.43 and a debt-to-equity ratio of 0.15.

South32 Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 22nd will be given a $0.1196 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a dividend yield of 316.0%.

Analyst Ratings Changes

SOUHY has been the subject of a number of research analyst reports. Jefferies Financial Group downgraded shares of South32 from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. The Goldman Sachs Group downgraded shares of South32 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 7th. Finally, Zacks Research cut South32 from a “hold” rating to a “strong sell” rating in a research report on Friday, September 19th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

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.