Short Interest in Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Decreases By 73.7%

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDYGet Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 34,682 shares, a drop of 73.7% from the June 15th total of 131,740 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 449,205 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, Macquarie Infrastructure upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on Lynas Rare Earths

Lynas Rare Earths Price Performance

OTCMKTS:LYSDY traded down $0.17 during mid-day trading on Friday, hitting $11.60. 155,036 shares of the company traded hands, compared to its average volume of 207,984. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.94 and a current ratio of 9.25. The stock’s fifty day moving average price is $13.01 and its 200-day moving average price is $12.40. Lynas Rare Earths has a one year low of $6.15 and a one year high of $16.18.

Lynas Rare Earths Company Profile

(Get Free Report)

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.

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