Short Interest in South32 Limited (OTCMKTS:SOUHY) Increases By 60.8%

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 145,200 shares, a growth of 60.8% from the September 30th total of 90,300 shares. Based on an average daily volume of 97,200 shares, the short-interest ratio is currently 1.5 days.

South32 Stock Down 1.2 %

Shares of SOUHY stock traded down $0.14 during trading on Tuesday, reaching $12.18. 30,693 shares of the company’s stock were exchanged, compared to its average volume of 140,856. South32 has a twelve month low of $9.00 and a twelve month high of $13.34. The firm’s fifty day moving average price is $11.34 and its 200-day moving average price is $11.47. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15.

South32 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, September 20th were given a $0.1426 dividend. This is an increase from South32’s previous dividend of $0.02. The ex-dividend date of this dividend was Friday, September 20th.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Citigroup upgraded South32 from a “hold” rating to a “strong-buy” rating in a report on Monday, July 22nd. Canaccord Genuity Group raised shares of South32 to a “strong sell” rating in a research note on Monday, August 19th.

About South32

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments.