BHP Group Limited (NYSE:BHP) Short Interest Update

BHP Group Limited (NYSE:BHP) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 11,120,000 shares, an increase of 6.4% from the October 31st total of 10,450,000 shares. Based on an average daily volume of 2,510,000 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Trading of BHP Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Dedication LLC boosted its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares in the last quarter. Eastern Bank purchased a new stake in BHP Group during the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of BHP Group during the second quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group during the 2nd quarter valued at $27,000. Finally, Sound Income Strategies LLC grew its holdings in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE BHP traded up $0.53 during midday trading on Tuesday, hitting $53.38. 1,021,199 shares of the company’s stock were exchanged, compared to its average volume of 2,448,403. BHP Group has a 12-month low of $50.90 and a 12-month high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average price is $56.28 and its two-hundred day moving average price is $56.17.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.