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

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 96,400 shares, a growth of 162.7% from the February 28th total of 36,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 200,100 shares, the days-to-cover ratio is currently 0.5 days.

South32 Trading Down 1.3 %

Shares of SOUHY traded down $0.14 during midday trading on Friday, hitting $10.83. 110,559 shares of the stock traded hands, compared to its average volume of 94,589. The business’s 50 day moving average price is $11.15 and its two-hundred day moving average price is $11.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39. South32 has a 1-year low of $9.00 and a 1-year high of $13.34.

South32 Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 7th will be given a $0.17 dividend. This is a boost from South32’s previous dividend of $0.14. The ex-dividend date is Friday, March 7th.

Analysts Set New Price Targets

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

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.