South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 96,400 shares, a growth of 162.7% from the February 28th total of 36,700 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 200,100 shares, the days-to-cover ratio is presently 0.5 days.

South32 Stock Down 2.1 %

Shares of OTCMKTS SOUHY traded down $0.23 during midday trading on Friday, reaching $10.60. The company’s stock had a trading volume of 131,605 shares, compared to its average volume of 94,152. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. South32 has a fifty-two week low of $9.00 and a fifty-two week high of $13.34. The stock has a 50 day simple moving average of $11.15 and a 200-day simple moving average of $11.39.

South32 Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of South32 in a research note on Tuesday. UBS Group cut shares of South32 from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st.

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.