Short Interest in South32 Limited (OTCMKTS:SOUHY) Declines By 88.6%

South32 Limited (OTCMKTS:SOUHY) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 16,600 shares, a drop 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.

South32 Trading Up 0.6 %

Shares of South32 stock traded up $0.14 during trading hours on Thursday, reaching $10.70. The stock had a trading volume of 85,235 shares, compared to its average volume of 132,232. South32 has a twelve month low of $9.00 and a twelve month high of $13.34. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average is $11.74 and its 200 day moving average is $11.37.

Analyst Upgrades and Downgrades

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

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.