South32 Ltd. (OTCMKTS:SOUHY) Sees Significant Increase in Short Interest

South32 Ltd. (OTCMKTS:SOUHY) was the target of a large growth in short interest during the month of 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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 197,692 shares, the short-interest ratio is presently 1.4 days.

South32 Trading Up 9.3%

SOUHY stock opened at $14.78 on Thursday. 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 company’s fifty day simple moving average is $15.44 and its 200 day simple moving average is $14.92. South32 has a 12-month low of $8.07 and a 12-month high of $17.50.

Wall Street Analyst Weigh In

SOUHY has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently 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.