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

South32 Limited (OTCMKTS:SOUHY) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 146,700 shares, a growth of 52.2% from the March 15th total of 96,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 223,800 shares, the days-to-cover ratio is presently 0.7 days.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group lowered South32 from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Citigroup reiterated a “buy” rating on shares of South32 in a report on Tuesday, March 25th.

South32 Stock Down 0.8 %

SOUHY stock opened at $8.52 on Friday. South32 has a 12 month low of $7.52 and a 12 month high of $13.34. The company has a 50-day moving average price of $10.45 and a 200 day moving average price of $11.12. 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 Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Friday, March 7th were paid 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 was Friday, March 7th.

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.