South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY) was the recipient of a large 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. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 200,100 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on SOUHY. Citigroup reissued a “buy” rating on shares of South32 in a research note on Tuesday. UBS Group lowered South32 from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st.

South32 Price Performance

Shares of SOUHY traded down $0.23 on Friday, reaching $10.60. 131,605 shares of the company’s stock were exchanged, compared to its average volume of 94,152. The business has a 50 day moving average price of $11.15 and a two-hundred day moving average price of $11.39. South32 has a 12 month low of $9.00 and a 12 month high of $13.34. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15.

South32 Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 7th will be given a dividend of $0.17 per share. This is a boost from South32’s previous dividend of $0.14. The ex-dividend date of this dividend is Friday, March 7th.

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.