OZ Minerals Limited (OTCMKTS:OZMLF) Short Interest Up 17.8% in April

OZ Minerals Limited (OTCMKTS:OZMLF – Get Rating) saw a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 97,200 shares, an increase of 17.8% from the March 31st total of 82,500 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 97.2 days.

OTCMKTS:OZMLF opened at $17.52 on Wednesday. The stock’s 50-day moving average is $19.25 and its 200-day moving average is $19.11. OZ Minerals has a 1-year low of $15.58 and a 1-year high of $21.04.

Several analysts have recently weighed in on OZMLF shares. The Goldman Sachs Group upgraded OZ Minerals from a “neutral” rating to a “buy” rating in a report on Monday, April 11th. Jefferies Financial Group cut OZ Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $26.00.

About OZ Minerals (Get Rating)

OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; the Carrapateena project located in South Australia; and the Antas mine located in the state of Pará in the northern region of Brazil.

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