BHP Group Limited (NYSE:BHP) Short Interest Update

BHP Group Limited (NYSE:BHP) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,480,000 shares, a growth of 5.7% from the December 15th total of 8,970,000 shares. Based on an average trading volume of 2,170,000 shares, the short-interest ratio is currently 4.4 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. boosted its position in shares of BHP Group by 8.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company’s stock valued at $8,147,000 after purchasing an additional 12,566 shares in the last quarter. Royal Fund Management LLC boosted its holdings in BHP Group by 7.2% during the fourth quarter. Royal Fund Management LLC now owns 18,844 shares of the mining company’s stock worth $921,000 after buying an additional 1,261 shares in the last quarter. Ballentine Partners LLC grew its position in BHP Group by 85.3% in the fourth quarter. Ballentine Partners LLC now owns 13,815 shares of the mining company’s stock worth $675,000 after buying an additional 6,359 shares during the last quarter. Strong Tower Advisory Services grew its position in BHP Group by 8.5% in the fourth quarter. Strong Tower Advisory Services now owns 33,321 shares of the mining company’s stock worth $1,627,000 after buying an additional 2,601 shares during the last quarter. Finally, J2 Capital Management Inc bought a new position in shares of BHP Group in the fourth quarter valued at $223,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 1.0 %

NYSE BHP traded up $0.50 on Monday, reaching $50.06. 2,348,979 shares of the stock traded hands, compared to its average volume of 1,768,061. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The firm’s fifty day simple moving average is $50.87 and its 200 day simple moving average is $54.17.

Analyst Ratings Changes

A number of brokerages have issued reports on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average target price of $53.00.

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.