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

South32 Limited (OTCMKTS:SOUHY) was the target of a significant growth in short interest in 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 trading volume of 262,300 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

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

South32 Stock Down 3.0 %

SOUHY stock traded down $0.33 on Tuesday, hitting $10.62. 49,837 shares of the company’s stock were exchanged, compared to its average volume of 110,567. The firm has a 50 day moving average price of $11.12 and a two-hundred day moving average price of $11.11. South32 has a 12-month low of $9.00 and a 12-month high of $13.34. 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 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.