Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Sees Large Increase in Short Interest

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 64,944 shares, an increase of 101.0% from the August 15th total of 32,310 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 369,228 shares, the short-interest ratio is currently 0.2 days.

Lynas Rare Earths Trading Down 3.3%

Shares of LYSDY opened at $9.87 on Monday. Lynas Rare Earths has a 12 month low of $8.08 and a 12 month high of $16.18. The company has a current ratio of 9.25, a quick ratio of 7.94 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average price of $11.11 and a 200-day moving average price of $12.64.

Analysts Set New Price Targets

Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Lynas Rare Earths currently has a consensus rating of “Strong Buy”.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.