South32 Ltd. (OTCMKTS:SOUHY) Short Interest Up 71.0% in July

South32 Ltd. (OTCMKTS:SOUHY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 81,600 shares, a growth of 71.0% from the July 15th total of 47,716 shares. Based on an average daily trading volume, of 153,701 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

South32 Trading Up 2.5%

SOUHY traded up $0.42 during trading on Monday, hitting $17.17. The company’s stock had a trading volume of 13,283 shares, compared to its average volume of 80,769. South32 has a twelve month low of $8.07 and a twelve month high of $18.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.71 and a quick ratio of 1.99. The stock’s fifty day moving average price is $15.26 and its 200-day moving average price is $15.54.

Institutional Trading of South32

Several hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in shares of South32 during the 2nd quarter valued at $252,000. J.Safra Asset Management Corp bought a new position in South32 during the second quarter worth $266,000. Finally, Madison Asset Management LLC bought a new position in South32 during the second quarter worth $1,618,000. Institutional investors own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SOUHY. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of South32 in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.