South32 Limited (OTCMKTS:SOUHY) Short Interest Down 28.4% in September

South32 Limited (OTCMKTS:SOUHY - Get Free Report) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 90,300 shares, a decrease of 28.4% from the September 15th total of 126,100 shares. Based on an average trading volume of 142,400 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Several research firms recently weighed in on SOUHY. Citigroup upgraded shares of South32 from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 22nd. Canaccord Genuity Group upgraded shares of South32 to a "strong sell" rating in a research note on Monday, August 19th.

South32 Stock Performance

Shares of OTCMKTS SOUHY traded up $0.31 during mid-day trading on Friday, reaching $12.34. 43,008 shares of the company traded hands, compared to its average volume of 146,952. South32 has a fifty-two week low of $9.00 and a fifty-two week high of $13.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. The stock has a fifty day simple moving average of $10.74 and a 200-day simple moving average of $11.29.

South32 Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 17th. Investors of record on Friday, September 20th will be paid a dividend of $0.1426 per share. The ex-dividend date of this dividend is Friday, September 20th. This is a positive change from South32's previous dividend of $0.02.

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.