South32 Limited (OTCMKTS:SOUHY - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 36,700 shares, a drop of 64.9% from the February 13th total of 104,700 shares. Based on an average daily trading volume, of 78,200 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are short sold.
South32 Stock Down 0.4 %
OTCMKTS SOUHY traded down $0.05 during trading hours on Thursday, hitting $11.31. The company had a trading volume of 129,939 shares, compared to its average volume of 93,060. 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 has a 52 week low of $9.00 and a 52 week high of $13.34. The firm has a 50 day simple moving average of $11.03 and a 200 day simple moving average of $11.33.
South32 Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th will be given a $0.17 dividend. This is a positive change from South32's previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 7th.
Analyst Ratings Changes
Separately, Citigroup raised shares of South32 from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 13th.
Read Our Latest Stock Report on South32
South32 Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider South32, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and South32 wasn't on the list.
While South32 currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
