Short Interest in Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Grows By 70.6%

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 443,408 shares, an increase of 70.6% from the November 30th total of 259,898 shares. Based on an average trading volume of 906,866 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 906,866 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of analysts have weighed in on LYSDY shares. UBS Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Lynas Rare Earths Stock Down 1.2%

LYSDY opened at $8.42 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.83. The stock’s fifty day moving average is $9.55 and its two-hundred day moving average is $8.99. Lynas Rare Earths has a 52 week low of $3.81 and a 52 week high of $16.18.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.