South32 Ltd. (OTCMKTS:SOUHY) Short Interest Down 50.8% in July

South32 Ltd. (OTCMKTS:SOUHY) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 47,716 shares, a decrease of 50.8% from the June 30th total of 96,896 shares. Based on an average daily volume of 300,528 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

SOUHY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup reiterated a “buy” rating on shares of South32 in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.

South32 Stock Down 0.4%

SOUHY opened at $15.53 on Tuesday. The business has a 50 day moving average price of $15.12 and a two-hundred day moving average price of $15.25. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.99 and a current ratio of 2.71. South32 has a 1-year low of $8.07 and a 1-year high of $17.50.

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.