Short Interest in South32 Ltd. (OTCMKTS:SOUHY) Grows By 48.0%

South32 Ltd. (OTCMKTS:SOUHYGet Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 27,637 shares, an increase of 48.0% from the January 29th total of 18,679 shares. Based on an average daily trading volume, of 135,279 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 135,279 shares, the short-interest ratio is currently 0.2 days.

South32 Price Performance

Shares of South32 stock opened at $16.45 on Monday. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14. South32 has a 1 year low of $7.52 and a 1 year high of $16.76. The company has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $11.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SOUHY shares. Citigroup restated a “neutral” rating on shares of South32 in a research report on Tuesday, February 10th. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Stock Analysis on South32

About South32

(Get Free Report)

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.

Further Reading

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