South32 Limited (OTCMKTS:SOUHY) Sees Large Decrease in Short Interest

South32 Limited (OTCMKTS:SOUHY) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 101,300 shares, a decrease of 19.5% from the October 31st total of 125,900 shares. Based on an average daily trading volume, of 167,100 shares, the short-interest ratio is currently 0.6 days.

South32 Price Performance

Shares of South32 stock traded down $0.10 during trading on Friday, hitting $12.11. The company’s stock had a trading volume of 23,042 shares, compared to its average volume of 134,472. South32 has a 52 week low of $9.00 and a 52 week high of $13.34. The company has a quick ratio of 1.85, a current ratio of 2.39 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $12.17 and a two-hundred day simple moving average of $11.60.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded South32 to a “strong sell” rating in a research note on Monday, August 19th.

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.