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

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 128,057 shares, an increase of 131.3% from the September 30th total of 55,362 shares. Based on an average daily trading volume, of 806,627 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Lynas Rare Earths Trading Down 7.8%

Shares of OTCMKTS:LYSDY opened at $8.34 on Friday. The company has a current ratio of 9.35, a quick ratio of 8.04 and a debt-to-equity ratio of 0.18. Lynas Rare Earths has a 52-week low of $7.42 and a 52-week high of $15.75. The business’s 50 day simple moving average is $9.57 and its two-hundred day simple moving average is $11.74.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited is an Australian-based producer of separated rare earth materials. The company operates an integrated supply chain that includes mining, concentration, processing and separation of rare earth ores, with a focus on supplying materials used in permanent magnets, electronics, electric vehicles, renewable energy equipment and other advanced technologies.

Lynas’ primary resource is the Mt Weld rare earths mine in Western Australia, which is regarded as one of the world’s significant rare earth deposits.