Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Update

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 82,169 shares, a growth of 75.0% from the May 14th total of 46,948 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 498,690 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Lynas Rare Earths Price Performance

LYSDY stock traded down $0.02 during mid-day trading on Monday, reaching $12.55. The company had a trading volume of 257,070 shares, compared to its average volume of 352,610. The firm has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $11.91. Lynas Rare Earths has a fifty-two week low of $5.26 and a fifty-two week high of $16.18.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest?grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.