South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 54,600 shares, a drop of 19.0% from the February 26th total of 67,403 shares. Based on an average trading volume of 109,927 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.
South32 Stock Performance
South32 stock opened at $13.74 on Monday. South32 has a 12-month low of $7.52 and a 12-month high of $16.89. The firm’s fifty day moving average is $15.40 and its 200 day moving average is $12.35. The company has a current ratio of 2.71, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14.
Analyst Ratings Changes
Separately, Citigroup restated a “neutral” rating on shares of South32 in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, South32 has a consensus rating of “Hold”.
South32 Company Profile
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.
Further Reading
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