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 the month of February. As of February 15th, there was short interest totalling 104,700 shares, a growth of 169.8% from the January 31st total of 38,800 shares. Based on an average trading volume of 204,300 shares, the days-to-cover ratio is presently 0.5 days.

South32 Stock Down 0.1 %

SOUHY stock traded down $0.01 during trading on Friday, hitting $11.26. 25,717 shares of the company’s stock were exchanged, compared to its average volume of 89,340. 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 52-week low of $9.00 and a 52-week high of $13.34. The business has a 50-day moving average price of $10.90 and a two-hundred day moving average price of $11.23.

South32 Increases Dividend

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

Analyst Ratings Changes

Separately, Citigroup upgraded South32 from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 13th.

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.