South32 Limited (OTCMKTS:SOUHY – Get Rating) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 112,800 shares, an increase of 20.0% from the June 30th total of 94,000 shares. Based on an average trading volume of 322,200 shares, the days-to-cover ratio is currently 0.4 days.
South32 Stock Up 1.2 %
Shares of SOUHY opened at $13.14 on Thursday. South32 has a 12 month low of $9.95 and a 12 month high of $20.48. The firm’s 50 day moving average is $14.35 and its 200-day moving average is $16.05. The company has a quick ratio of 1.88, a current ratio of 2.45 and a debt-to-equity ratio of 0.08.
Analyst Ratings Changes
Several research analysts have weighed in on SOUHY shares. Barclays lowered their price target on shares of South32 from GBX 195 ($2.39) to GBX 193 ($2.36) in a report on Wednesday, July 27th. BMO Capital Markets lowered their price target on shares of South32 from GBX 250 ($3.06) to GBX 220 ($2.70) in a report on Monday, July 25th. Jefferies Financial Group raised shares of South32 from a “hold” rating to a “buy” rating in a report on Tuesday, June 7th. UBS Group lowered their target price on shares of South32 from GBX 340 ($4.17) to GBX 325 ($3.98) in a report on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of South32 from GBX 300 ($3.68) to GBX 250 ($3.06) in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $259.60.
South32 Company Profile
South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, Hermosa, and South Africa Energy Coal segments.
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