South32 Limited (OTCMKTS:SOUHY – Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 33,900 shares, an increase of 82.3% from the June 30th total of 18,600 shares. Based on an average trading volume of 109,400 shares, the days-to-cover ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, Citigroup raised South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd.
Get Our Latest Stock Analysis on SOUHY
South32 Price Performance
About South32
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.
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