Short Interest in South32 Limited (OTCMKTS:SOUHY) Declines By 75.0%

South32 Limited (OTCMKTS:SOUHY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 18,800 shares, a drop of 75.0% from the May 31st total of 75,200 shares. Based on an average trading volume of 143,800 shares, the days-to-cover ratio is presently 0.1 days.

South32 Price Performance

OTCMKTS:SOUHY traded up $0.20 during mid-day trading on Thursday, reaching $12.31. 35,002 shares of the company’s stock were exchanged, compared to its average volume of 152,894. South32 has a one year low of $9.01 and a one year high of $13.87. The business’s fifty day simple moving average is $12.15 and its two-hundred day simple moving average is $10.98.

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.