South32 Limited (OTCMKTS:SOUHY) Sees Large Decrease in Short Interest

South32 Limited (OTCMKTS:SOUHY) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 16,600 shares, a decrease of 88.6% from the November 30th total of 145,700 shares. Based on an average trading volume of 144,700 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Citigroup downgraded South32 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th.

South32 Stock Performance

Shares of OTCMKTS SOUHY traded down $0.26 during trading on Friday, reaching $10.44. The stock had a trading volume of 95,039 shares, compared to its average volume of 132,083. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.39 and a quick ratio of 1.85. South32 has a one year low of $9.00 and a one year high of $13.34. The firm’s 50 day moving average price is $11.71 and its two-hundred day moving average price is $11.36.

South32 Company Profile

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.