South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 64.6% in June

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 96,896 shares, a decrease of 64.6% from the June 15th total of 273,669 shares. Based on an average trading volume of 253,695 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

South32 Price Performance

Shares of SOUHY traded up $0.34 during trading hours on Tuesday, reaching $14.06. The stock had a trading volume of 241,585 shares, compared to its average volume of 82,839. The firm has a 50-day simple moving average of $15.22 and a 200 day simple moving average of $15.06. South32 has a 12 month low of $8.07 and a 12 month high of $17.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup restated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, South32 presently has an average rating of “Buy”.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.