Short Interest in South32 Ltd. (OTCMKTS:SOUHY) Increases By 143.9%

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 67,403 shares, a growth of 143.9% from the February 12th total of 27,637 shares. Based on an average daily trading volume, of 88,258 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 88,258 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating on shares of South32 in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

South32 Trading Up 0.5%

OTCMKTS:SOUHY opened at $15.50 on Thursday. South32 has a 12 month low of $7.52 and a 12 month high of $16.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99. The business’s fifty day moving average price is $15.06 and its 200 day moving average price is $11.86.

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.