South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 43.9% in August

South32 Ltd. (OTCMKTS:SOUHY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 57,227 shares, a decline of 43.9% from the August 15th total of 102,013 shares. Based on an average trading volume of 77,873 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SOUHY. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup reissued a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. One 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, the company presently has a consensus rating of “Buy”.

South32 Stock Performance

South32 stock opened at $17.56 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. The business has a fifty day moving average of $16.70 and a two-hundred day moving average of $15.88. South32 has a twelve month low of $8.24 and a twelve month high of $19.07.

South32 Company Profile

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. The company produces commodities used in energy, infrastructure, transportation and manufacturing, including alumina, aluminum, copper, manganese, silver, lead and zinc.

South32 operates and holds interests in mining, processing and refining operations across Australia, Southern Africa, South America and North America. Its portfolio has included the Worsley Alumina and Hillside aluminum operations in Australia, the Mozal aluminum smelter in Mozambique, manganese operations in Australia and South Africa, the Cannington silver-lead-zinc mine in Australia, and copper interests in Chile.