Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Short Interest Update

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 443,408 shares, an increase of 70.6% from the November 30th total of 259,898 shares. Based on an average daily volume of 906,866 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 906,866 shares, the days-to-cover ratio is currently 0.5 days.

Lynas Rare Earths Price Performance

OTCMKTS:LYSDY traded down $0.10 during trading hours on Friday, reaching $8.42. The company’s stock had a trading volume of 306,972 shares, compared to its average volume of 390,729. The company has a current ratio of 2.83, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Lynas Rare Earths has a one year low of $3.81 and a one year high of $16.18. The business’s 50-day moving average is $9.55 and its 200-day moving average is $8.96.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYSDY. UBS Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. The Goldman Sachs Group upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Lynas Rare Earths currently has an average rating of “Buy”.

About Lynas Rare Earths

Lynas Rare Earths Limited (OTCMKTS: LYSDY) is a leading global supplier of rare earth elements, headquartered in Perth, Australia. The company’s flagship operation is the Mount Weld mine in Western Australia, one of the world’s highest‐grade rare earth deposits. Lynas extracts and concentrates rare earth ores, which serve as critical feedstock for the production of high-performance magnets, catalysts and other specialty applications used in automotive, electronics and renewable energy industries.

Beyond mining, Lynas operates a key processing facility at Kuantan in Malaysia, where it carries out cracking, leaching and separation of rare earth concentrate.