South32 Limited (OTCMKTS:SOUHY) Sees Significant Increase in Short Interest

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 72,600 shares, a growth of 337.3% from the December 31st total of 16,600 shares. Based on an average daily volume of 262,300 shares, the short-interest ratio is currently 0.3 days.

South32 Price Performance

SOUHY traded down $0.36 during trading hours on Wednesday, hitting $10.26. The company’s stock had a trading volume of 57,214 shares, compared to its average volume of 107,601. South32 has a 12 month low of $9.00 and a 12 month high of $13.34. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $11.09 and its 200-day moving average price is $11.10.

Analyst Ratings Changes

Separately, Citigroup cut South32 from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th.

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.