Short Interest in Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Drops By 50.0%

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 221,713 shares, a decline of 50.0% from the December 15th total of 443,408 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 667,661 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 667,661 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Lynas Rare Earths Stock Performance

Shares of OTCMKTS:LYSDY traded down $0.34 during midday trading on Thursday, hitting $10.30. The company had a trading volume of 506,775 shares, compared to its average volume of 585,138. Lynas Rare Earths has a twelve month low of $3.81 and a twelve month high of $16.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67. The business’s 50-day simple moving average is $9.15 and its 200-day simple moving average is $9.26.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. The Goldman Sachs Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Lynas Rare Earths has a consensus rating of “Buy”.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.