South32 Ltd. (OTCMKTS:SOUHY – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 273,669 shares, an increase of 77.5% from the May 31st total of 154,195 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 197,692 shares, the days-to-cover ratio is presently 1.4 days.
Analysts Set New Price Targets
SOUHY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. Zacks Research raised shares of South32 from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on SOUHY
South32 Stock Performance
About South32
South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.
The company’s operations are organized by commodity and geography.
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