BHP Billiton plc (BBL) Sees Large Increase in Short Interest

BHP Billiton plc (NYSE:BBL) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,219,211 shares, a growth of 230.4% from the January 12th total of 974,230 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,914,639 shares, the short-interest ratio is presently 1.7 days.

A number of institutional investors and hedge funds have recently modified their holdings of BBL. Bank of New York Mellon Corp boosted its holdings in BHP Billiton by 11.4% in the second quarter. Bank of New York Mellon Corp now owns 59,083 shares of the mining company’s stock valued at $1,819,000 after purchasing an additional 6,064 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in BHP Billiton by 28.0% in the second quarter. PNC Financial Services Group Inc. now owns 10,072 shares of the mining company’s stock valued at $310,000 after purchasing an additional 2,206 shares during the last quarter. Stifel Financial Corp boosted its holdings in BHP Billiton by 2.2% in the second quarter. Stifel Financial Corp now owns 22,404 shares of the mining company’s stock valued at $685,000 after purchasing an additional 477 shares during the last quarter. HighTower Advisors LLC boosted its holdings in BHP Billiton by 2.9% in the second quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after purchasing an additional 275 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in BHP Billiton by 20.3% in the second quarter. Janus Henderson Group PLC now owns 155,214 shares of the mining company’s stock valued at $4,774,000 after purchasing an additional 26,200 shares during the last quarter. 4.41% of the stock is owned by hedge funds and other institutional investors.

BBL has been the subject of several analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 target price on shares of BHP Billiton in a research report on Monday, January 8th. Zacks Investment Research downgraded BHP Billiton from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $45.00.

BHP Billiton (NYSE:BBL) opened at $44.63 on Thursday. The company has a market capitalization of $125,620.00, a PE ratio of 20.19, a P/E/G ratio of 2.42 and a beta of 1.16. BHP Billiton has a 1-year low of $28.73 and a 1-year high of $45.30. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.

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About BHP Billiton

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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