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

South32 Limited (OTCMKTS:SOUHY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 104,700 shares, an increase of 169.8% from the January 31st total of 38,800 shares. Based on an average daily trading volume, of 204,300 shares, the short-interest ratio is presently 0.5 days.

South32 Stock Down 1.7 %

OTCMKTS:SOUHY opened at $11.07 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. South32 has a one year low of $9.00 and a one year high of $13.34. The company has a fifty day moving average price of $10.91 and a 200 day moving average price of $11.24.

South32 Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. This is a positive change from South32’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 7th.

Analyst Ratings Changes

Separately, Citigroup raised shares of South32 from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th.

South32 Company Profile

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.