South32 Limited (OTCMKTS:SOUHY) Short Interest Up 162.7% in March

South32 Limited (OTCMKTS:SOUHY - Get Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 96,400 shares, an increase of 162.7% from the February 28th total of 36,700 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

SOUHY has been the topic of several analyst reports. UBS Group downgraded South32 from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Citigroup reiterated a "buy" rating on shares of South32 in a research note on Tuesday, March 25th.

South32 Stock Down 2.1 %

OTCMKTS:SOUHY traded down $0.23 on Monday, reaching $10.60. The stock had a trading volume of 131,605 shares, compared to its average volume of 94,152. The company has a 50-day moving average of $11.15 and a 200 day moving average of $11.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39. South32 has a 12-month low of $9.00 and a 12-month high of $13.34.

South32 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th will be given a dividend of $0.17 per share. The ex-dividend date is Friday, March 7th. This is an increase from South32's previous dividend of $0.14.

About South32

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.