South32 Ltd. (OTCMKTS:SOUHY) Sees Significant Growth in Short Interest

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 83,818 shares, a growth of 141.6% from the September 15th total of 34,698 shares. Based on an average trading volume of 121,730 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

South32 Stock Performance

SOUHY stock opened at $16.26 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.92 and a debt-to-equity ratio of 0.14. South32 has a fifty-two week low of $9.41 and a fifty-two week high of $19.07. The stock has a fifty day moving average of $17.70 and a 200-day moving average of $16.21.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, South32 has a consensus rating of “Moderate Buy”.

South32 Company Profile

South32 Limited is a diversified mining and metals company headquartered in Perth, Australia. It was established in 2015 through the demerger of selected assets from BHP and is listed in Australia, South Africa and the United Kingdom, with American depositary shares traded over the counter under the symbol SOUHY.

The company produces alumina, aluminium, manganese, silver, lead and zinc, and has interests in copper projects. Its portfolio includes alumina and aluminium operations in Australia, Brazil and Mozambique; manganese operations in Australia and South Africa; the Cannington silver-lead-zinc mine in Queensland; and the Sierra Gorda copper mine in Chile.