South32 Ltd. (OTCMKTS:SOUHY) Short Interest Update

South32 Ltd. (OTCMKTS:SOUHY) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 18,679 shares, a drop of 93.2% from the January 15th total of 275,941 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 241,554 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 241,554 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

South32 Stock Down 0.1%

Shares of OTCMKTS:SOUHY opened at $16.16 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.43 and a quick ratio of 1.83. The stock’s 50-day moving average price is $13.25 and its two-hundred day moving average price is $10.93. South32 has a 12-month low of $7.52 and a 12-month high of $16.76.

Analysts Set New Price Targets

SOUHY has been the topic of several analyst reports. Citigroup reaffirmed a “neutral” rating on shares of South32 in a research note on Tuesday. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. 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 MarketBeat.com, South32 has an average rating of “Hold”.

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.