South32 Limited (OTCMKTS:SOUHY) Short Interest Up 52.2% in March

South32 Limited (OTCMKTS:SOUHY) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 146,700 shares, an increase of 52.2% from the March 15th total of 96,400 shares. Based on an average daily trading volume, of 223,800 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

SOUHY has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of South32 in a research report on Tuesday, March 25th. UBS Group cut shares of South32 from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st.

South32 Price Performance

Shares of South32 stock opened at $8.52 on Friday. The stock has a 50 day moving average of $10.45 and a 200 day moving average of $11.12. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. South32 has a 12 month low of $7.52 and a 12 month high of $13.34.

South32 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th were given a dividend of $0.17 per share. This is an increase from South32’s previous dividend of $0.14. The ex-dividend date was Friday, March 7th.

South32 Company Profile

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.