Short Interest in Lynas Rare Earths Limited (OTCMKTS:LYSDY) Drops By 15.7%

Lynas Rare Earths Limited (OTCMKTS:LYSDY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 276,300 shares, a decline of 15.7% from the March 15th total of 327,600 shares. Based on an average daily volume of 146,100 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.0% of the company’s shares are sold short.

Lynas Rare Earths Price Performance

Shares of OTCMKTS LYSDY traded up $0.22 during trading hours on Monday, reaching $5.74. The stock had a trading volume of 612,799 shares, compared to its average volume of 163,968. Lynas Rare Earths has a 52-week low of $3.66 and a 52-week high of $5.85. The company has a quick ratio of 3.46, a current ratio of 4.18 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average price is $4.57 and its two-hundred day moving average price is $4.53.

About Lynas Rare Earths

Lynas Rare Earths Limited, together with its subsidiaries, engages in the exploration, development, mining, extraction, and processing of rare earth minerals in Australia and Malaysia. The company holds interests in the Mount Weld and Kalgoorlie projects in Western Australia. Its products include lanthanum, cerium, praseodymium, neodymium, samarium, europium, gadolinium, terbium, and dysprosium.