Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Shares Shorted: Short Interest Up 131.3% in October

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 128,057 shares, a growth of 131.3% from the September 30th total of 55,362 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 806,627 shares, the days-to-cover ratio is presently 0.2 days.

Lynas Rare Earths Stock Performance

LYSDY traded down $0.71 during trading hours on Friday, reaching $8.34. 338,741 shares of the stock traded hands, compared to its average volume of 445,285. Lynas Rare Earths has a fifty-two week low of $7.42 and a fifty-two week high of $15.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 9.35 and a quick ratio of 8.04. The firm’s fifty day simple moving average is $9.57 and its two-hundred day simple moving average is $11.74.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian-based producer of separated rare earth materials. The company operates an integrated supply chain that includes mining, concentration, processing and separation of rare earth ores, with a focus on supplying materials used in permanent magnets, electronics, electric vehicles, renewable energy equipment and other advanced technologies.

Lynas’ primary resource is the Mt Weld rare earths mine in Western Australia, which is regarded as one of the world’s significant rare earth deposits.