South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 54,600 shares, a drop of 19.0% from the February 26th total of 67,403 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 109,927 shares, the short-interest ratio is currently 0.5 days.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded South32 from a “neutral” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Report on SOUHY
South32 Trading Up 9.2%
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.
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