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

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 145,200 shares, a growth of 60.8% from the September 30th total of 90,300 shares. Based on an average trading volume of 97,200 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on SOUHY. Citigroup raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group raised South32 to a “strong sell” rating in a research report on Monday, August 19th.

South32 Trading Down 1.2 %

OTCMKTS SOUHY traded down $0.14 during trading on Tuesday, hitting $12.18. The company’s stock had a trading volume of 30,693 shares, compared to its average volume of 140,856. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39. The firm has a 50 day moving average price of $11.34 and a 200 day moving average price of $11.47. South32 has a 52 week low of $9.00 and a 52 week high of $13.34.

South32 Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 17th. Shareholders of record on Friday, September 20th were given a $0.1426 dividend. This is an increase from South32’s previous dividend of $0.02. The ex-dividend date of this dividend was Friday, September 20th.

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.