Short Interest in South32 Limited (OTCMKTS:SOUHY) Expands By 162.7%

South32 Limited (OTCMKTS:SOUHY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 96,400 shares, a growth of 162.7% from the February 28th total of 36,700 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 200,100 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday. UBS Group downgraded South32 from a “strong-buy” rating to a “hold” rating in a report on Friday, March 21st.

South32 Price Performance

Shares of OTCMKTS:SOUHY traded down $0.24 during mid-day trading on Thursday, reaching $10.97. The stock had a trading volume of 47,920 shares, compared to its average volume of 94,309. The firm has a 50 day simple moving average of $11.15 and a two-hundred day simple moving average of $11.39. South32 has a twelve month low of $9.00 and a twelve month high of $13.34. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39.

South32 Increases Dividend

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

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.