South32 Limited (OTCMKTS:SOUHY) Short Interest Down 28.4% in September

South32 Limited (OTCMKTS:SOUHY) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 90,300 shares, a decline of 28.4% from the September 15th total of 126,100 shares. Based on an average daily trading volume, of 142,400 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Several analysts have weighed in on SOUHY shares. Citigroup raised South32 from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 22nd. Canaccord Genuity Group raised shares of South32 to a “strong sell” rating in a report on Monday, August 19th.

South32 Trading Up 2.6 %

SOUHY stock traded up $0.31 during trading hours on Monday, hitting $12.34. 43,000 shares of the stock traded hands, compared to its average volume of 146,952. The company has a current ratio of 2.39, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The stock has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $11.31. South32 has a one year low of $9.00 and a one year high of $13.34.

South32 Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.1426 per share. This is an increase from South32’s previous dividend of $0.02. The ex-dividend date is Friday, September 20th.

About South32

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.