South32 Limited (OTCMKTS:SOUHY) Short Interest Update

South32 Limited (OTCMKTS:SOUHY) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 104,700 shares, a growth of 169.8% from the January 31st total of 38,800 shares. Based on an average daily volume of 204,300 shares, the short-interest ratio is currently 0.5 days.

South32 Stock Down 1.7 %

Shares of SOUHY traded down $0.19 during trading hours on Friday, hitting $11.07. 73,234 shares of the company were exchanged, compared to its average volume of 88,927. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.39. The firm’s 50 day moving average is $10.91 and its 200-day moving average is $11.25. South32 has a 52 week low of $9.00 and a 52 week high of $13.34.

South32 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 7th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from South32’s previous dividend of $0.14.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of South32 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 13th.

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.