South32 Limited (OTCMKTS:SOUHY) Short Interest Down 47.5% in May

South32 Limited (OTCMKTS:SOUHY) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 75,200 shares, a decline of 47.5% from the May 15th total of 143,300 shares. Based on an average daily trading volume, of 110,900 shares, the days-to-cover ratio is presently 0.7 days.

South32 Stock Performance

Shares of SOUHY stock traded down $0.02 on Friday, reaching $12.04. 41,623 shares of the company’s stock traded hands, compared to its average volume of 62,993. South32 has a 12-month low of $9.01 and a 12-month high of $13.87. The business’s 50 day moving average price is $11.92 and its two-hundred day moving average price is $10.87.

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.