South32 Limited (OTCMKTS:SOUHY) Sees Significant Decrease in Short Interest

South32 Limited (OTCMKTS:SOUHY - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 24,100 shares, a decline of 83.6% from the March 31st total of 146,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 804,500 shares, the short-interest ratio is presently 0.0 days.

South32 Price Performance

OTCMKTS SOUHY traded up $0.04 during mid-day trading on Friday, reaching $8.77. 56,847 shares of the stock were exchanged, compared to its average volume of 151,833. The business's fifty day simple moving average is $10.11 and its 200 day simple moving average is $10.95. 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 1-year low of $7.52 and a 1-year high of $13.34.

South32 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th were given a $0.17 dividend. The ex-dividend date was Friday, March 7th. This is an increase from South32's previous dividend of $0.14.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Citigroup restated a "buy" rating on shares of South32 in a report on Tuesday, March 25th. BNP Paribas raised shares of South32 to a "neutral" rating in a research note on Wednesday. UBS Group lowered South32 from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Finally, Canaccord Genuity Group raised South32 from a "strong sell" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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.

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