Short Interest in Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) Grows By 101.0%

Lynas Rare Earths Limited – Sponsored ADR (OTCMKTS:LYSDY) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 64,944 shares, a growth of 101.0% from the August 15th total of 32,310 shares. Based on an average daily trading volume, of 369,228 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Macquarie Infrastructure upgraded Lynas Rare Earths from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Lynas Rare Earths currently has an average rating of “Strong Buy”.

Lynas Rare Earths Trading Down 0.2%

OTCMKTS LYSDY traded down $0.01 during trading on Wednesday, hitting $9.79. The company’s stock had a trading volume of 120,583 shares, compared to its average volume of 313,573. Lynas Rare Earths has a fifty-two week low of $8.08 and a fifty-two week high of $16.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 9.25 and a quick ratio of 7.94. The business’s 50 day simple moving average is $11.02 and its 200-day simple moving average is $12.61.

About Lynas Rare Earths

Lynas Rare Earths Limited is an Australian mining and materials company that explores, extracts and processes rare earth minerals. The company is one of the leading rare earth producers outside China and supplies materials used in electric motors, electronics, wind turbines, industrial equipment and other advanced technologies.

Lynas operates the Mount Weld rare earths mine and concentration plant in Western Australia, which provides ore for further processing. It also operates a rare earths processing facility in Kalgoorlie, Western Australia, and an advanced materials plant in Gebeng, Malaysia.