South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 273,669 shares, a growth of 77.5% from the May 31st total of 154,195 shares. Based on an average daily trading volume, of 197,692 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the company’s stock are short sold.

South32 Price Performance

SOUHY stock opened at $14.27 on Friday. South32 has a 1-year low of $8.07 and a 1-year high of $17.50. The business’s 50 day simple moving average is $15.38 and its 200 day simple moving average is $14.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SOUHY. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About South32

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.