Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Sees Large Growth in Short Interest

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 443,408 shares, an increase of 70.6% from the November 30th total of 259,898 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 906,866 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 906,866 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group raised shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. The Goldman Sachs Group upgraded shares of Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Lynas Rare Earths Stock Up 1.2%

Shares of Lynas Rare Earths stock traded up $0.10 on Tuesday, hitting $8.39. The stock had a trading volume of 22,590 shares, compared to its average volume of 371,076. The business’s 50 day moving average is $9.44 and its two-hundred day moving average is $9.01. Lynas Rare Earths has a twelve month low of $3.81 and a twelve month high of $16.18. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.83 and a quick ratio of 1.67.

Lynas Rare Earths Company Profile

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.