South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 96,400 shares, a growth of 162.7% from the February 28th total of 36,700 shares. Based on an average daily volume of 200,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SOUHY shares. UBS Group cut shares of South32 from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Citigroup reissued a “buy” rating on shares of South32 in a report on Tuesday.

South32 Price Performance

OTCMKTS SOUHY traded down $0.14 on Friday, reaching $10.83. The company’s stock had a trading volume of 110,559 shares, compared to its average volume of 94,589. South32 has a twelve month low of $9.00 and a twelve month high of $13.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. The firm’s 50 day moving average is $11.15 and its two-hundred day moving average is $11.39.

South32 Increases Dividend

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

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.