South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

South32 Ltd. (OTCMKTS:SOUHY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 57,227 shares, a decline of 43.9% from the August 15th total of 102,013 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 77,873 shares, the days-to-cover ratio is currently 0.7 days.

South32 Price Performance

SOUHY stock traded up $0.00 during trading on Thursday, hitting $17.61. 12,366 shares of the company’s stock traded hands, compared to its average volume of 77,918. South32 has a 52 week low of $8.24 and a 52 week high of $19.07. The business has a fifty day simple moving average of $16.84 and a 200 day simple moving average of $15.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SOUHY. Citigroup reaffirmed a “buy” rating on shares of South32 in a report on Tuesday, May 26th. Zacks Research upgraded South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

About South32

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. The company produces commodities used in energy, infrastructure, transportation and manufacturing, including alumina, aluminum, copper, manganese, silver, lead and zinc.

South32 operates and holds interests in mining, processing and refining operations across Australia, Southern Africa, South America and North America. Its portfolio has included the Worsley Alumina and Hillside aluminum operations in Australia, the Mozal aluminum smelter in Mozambique, manganese operations in Australia and South Africa, the Cannington silver-lead-zinc mine in Australia, and copper interests in Chile.