South32 Limited (OTCMKTS:SOUHY) Short Interest Up 60.8% in October

South32 Limited (OTCMKTS:SOUHY - Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 145,200 shares, an increase of 60.8% from the September 30th total of 90,300 shares. Based on an average trading volume of 97,200 shares, the short-interest ratio is presently 1.5 days.

Wall Street Analyst Weigh In

SOUHY has been the subject of a number of research analyst reports. Citigroup raised shares of South32 from a "hold" rating to a "strong-buy" rating in a report on Monday, July 22nd. Canaccord Genuity Group upgraded shares of South32 to a "strong sell" rating in a report on Monday, August 19th.

South32 Stock Down 0.3 %

Shares of OTCMKTS:SOUHY traded down $0.04 during mid-day trading on Friday, reaching $12.20. The stock had a trading volume of 37,569 shares, compared to its average volume of 141,913. The business's 50 day moving average price is $11.29 and its 200 day moving average price is $11.45. South32 has a 1 year low of $9.00 and a 1 year 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.

South32 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 17th. Stockholders of record on Friday, September 20th were given a dividend of $0.1426 per share. This is an increase from South32's previous dividend of $0.02. The ex-dividend date was Friday, September 20th.

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.