Short Interest in South32 Limited (OTCMKTS:SOUHY) Drops By 88.6%

South32 Limited (OTCMKTS:SOUHY - Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 16,600 shares, a decline of 88.6% from the November 30th total of 145,700 shares. Based on an average daily volume of 144,700 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Citigroup downgraded South32 from a "strong-buy" rating to a "hold" rating in a report on Thursday, December 12th.

South32 Stock Performance

Shares of OTCMKTS:SOUHY traded up $0.06 on Thursday, reaching $10.70. The company's stock had a trading volume of 85,235 shares, compared to its average volume of 132,232. South32 has a 52-week low of $9.00 and a 52-week high of $13.34. The stock's 50-day moving average is $11.74 and its two-hundred day moving average is $11.37. 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 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.