South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY – Get Rating) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 197,800 shares, a growth of 123.3% from the April 30th total of 88,600 shares. Based on an average trading volume of 181,600 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analyst Weigh In

SOUHY has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded South32 from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th. Macquarie upgraded shares of South32 from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of South32 from GBX 250 ($3.11) to GBX 255 ($3.17) in a report on Thursday, March 30th. Finally, BNP Paribas upgraded shares of South32 from a “neutral” rating to an “outperform” rating in a report on Monday, February 13th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $215.00.

South32 Stock Up 2.2 %

South32 stock traded up $0.28 during trading on Friday, hitting $12.99. The company had a trading volume of 257,562 shares, compared to its average volume of 74,224. The company’s 50 day simple moving average is $14.00 and its 200-day simple moving average is $14.49. South32 has a 1-year low of $11.05 and a 1-year high of $18.64.

South32 Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, April 6th. Investors of record on Friday, March 10th were issued a dividend of $0.215 per share. This represents a yield of 6.63%. The ex-dividend date was Thursday, March 9th.

About South32

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South32 Ltd. operates as a metal and mining company. It operates through the following segments: Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, South Africa Energy Coal, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, and Hermosa.