Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Update

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 175,400 shares, an increase of 128.7% from the September 15th total of 76,700 shares. Based on an average daily trading volume, of 608,000 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 608,000 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut shares of Lynas Rare Earths from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Lynas Rare Earths Stock Performance

Shares of OTCMKTS LYSDY opened at $11.99 on Wednesday. Lynas Rare Earths has a 12-month low of $3.79 and a 12-month high of $16.18. The firm’s 50-day simple moving average is $10.73 and its 200 day simple moving average is $7.55. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.