South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 64.6% in June

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 96,896 shares, a decline of 64.6% from the June 15th total of 273,669 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 253,695 shares, the days-to-cover ratio is presently 0.4 days.

South32 Stock Performance

Shares of SOUHY stock opened at $14.17 on Monday. South32 has a fifty-two week low of $8.07 and a fifty-two week high of $17.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. The stock’s fifty day moving average is $15.24 and its two-hundred day moving average is $15.04.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup reissued 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 assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

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.