Short Interest in South32 Ltd. (OTCMKTS:SOUHY) Declines By 50.8%

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 47,716 shares, a decline of 50.8% from the June 30th total of 96,896 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 300,528 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SOUHY shares. Citigroup reaffirmed a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

South32 Trading Up 3.5%

OTCMKTS SOUHY traded up $0.55 on Thursday, hitting $16.24. 65,021 shares of the company’s stock were exchanged, compared to its average volume of 82,834. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. South32 has a 52 week low of $8.07 and a 52 week high of $17.50. The stock has a 50-day moving average of $15.16 and a 200-day moving average of $15.29.

South32 Company Profile

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.