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

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 145,700 shares, a growth of 43.8% from the November 15th total of 101,300 shares. Based on an average daily volume of 117,800 shares, the days-to-cover ratio is currently 1.2 days.

South32 Stock Down 1.5 %

Shares of SOUHY stock traded down $0.16 during trading on Friday, reaching $10.67. The company had a trading volume of 71,791 shares, compared to its average volume of 131,924. The firm’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $11.52. South32 has a one year low of $9.00 and a one year 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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of South32 to a “strong sell” rating in a research report on Monday, August 19th.

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.