South32 Ltd. (OTCMKTS:SOUHY) Short Interest Up 71.0% in July

South32 Ltd. (OTCMKTS:SOUHY) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 81,600 shares, an increase of 71.0% from the July 15th total of 47,716 shares. Based on an average trading volume of 153,701 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On South32

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Madison Asset Management LLC bought a new stake in South32 in the second quarter valued at approximately $1,618,000. J.Safra Asset Management Corp bought a new position in South32 during the 2nd quarter worth approximately $266,000. Finally, Ancora Advisors LLC bought a new position in South32 during the 2nd quarter worth approximately $252,000. 0.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on SOUHY shares. Zacks Research raised South32 from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Citigroup reaffirmed a “buy” rating on shares of South32 in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

South32 Price Performance

OTCMKTS:SOUHY traded up $0.42 during trading hours on Monday, hitting $17.17. 13,283 shares of the company were exchanged, compared to its average volume of 80,769. The company has a quick ratio of 1.99, a current ratio of 2.71 and a debt-to-equity ratio of 0.14. South32 has a one year low of $8.07 and a one year high of $18.17. The company has a fifty day simple moving average of $15.26 and a 200 day simple moving average of $15.54.

About South32

South32 is a diversified metals and mining company headquartered in Perth, Australia. Established in May 2015 through a demerger from BHP Billiton, the company focuses on the extraction, processing and marketing of commodities that underpin global industrial and consumer demand. South32’s portfolio includes alumina, aluminum, bauxite, metallurgical coal, manganese, nickel, silver, lead and zinc, making it a key participant across several commodity markets.

The company’s operations are organized by commodity and geography.