Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Sees Large Growth in Short Interest

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 64,944 shares, an increase of 101.0% from the August 15th total of 32,310 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 369,228 shares, the short-interest ratio is presently 0.2 days.

Lynas Rare Earths Trading Down 0.7%

Shares of OTCMKTS:LYSDY traded down $0.07 during trading on Tuesday, reaching $9.81. 93,822 shares of the company’s stock traded hands, compared to its average volume of 313,846. Lynas Rare Earths has a fifty-two week low of $8.08 and a fifty-two week high of $16.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.25 and a quick ratio of 7.94. The company has a 50-day simple moving average of $11.06 and a 200-day simple moving average of $12.63.

Analyst Ratings Changes

Separately, Macquarie Infrastructure raised Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Lynas Rare Earths has a consensus rating of “Strong Buy”.

Lynas Rare Earths Company Profile

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.