What’s Bhp Billiton Limited (NYSE:BHP) Upside After This Short Interest Decrease?

May 17, 2018 - By Robert Sims

BHP Billiton Limited (NYSE:BHP) Logo

The stock of Bhp Billiton Limited (NYSE:BHP) registered a decrease of 7.37% in short interest. BHP’s total short interest was 14.84M shares in May as published by FINRA. Its down 7.37% from 16.02 million shares, reported previously. With 2.35M shares average volume, it will take short sellers 6 days to cover their BHP’s short positions. The short interest to Bhp Billiton Limited’s float is 0.92%.

It closed at $51.47 lastly. It is down 23.08% since May 17, 2017 and is uptrending. It has outperformed by 11.53% the S&P500.

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. The company has market cap of $135.83 billion. It operates through four divisions: Petroleum, Copper, Iron Ore, and Coal. It has a 29.21 P/E ratio. The firm explores for, develops, produces, and markets gas and oil in the United States Gulf of Mexico, Australia, and Trinidad and Tobago.

BHP Billiton Limited (NYSE:BHP) Ratings Coverage

Among 7 analysts covering BHP Billiton Ltd (NYSE:BHP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. BHP Billiton Ltd had 10 analyst reports since January 9, 2018 according to SRatingsIntel. The rating was upgraded by Citigroup to “Buy” on Wednesday, April 4. The rating was downgraded by Citigroup on Wednesday, February 21 to “Neutral”. The company was upgraded on Wednesday, April 4 by RBC Capital Markets. The firm has “Market Perform” rating by Bernstein given on Monday, January 22. Cowen & Co maintained it with “Hold” rating and $5000 target in Friday, March 23 report. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, February 20. The rating was upgraded by Barclays Capital on Friday, May 4 to “Overweight”. The firm has “Hold” rating given on Tuesday, January 9 by Cowen & Co. The firm has “Buy” rating by Deutsche Bank given on Tuesday, April 10. Goldman Sachs upgraded the shares of BHP in report on Monday, April 16 to “Buy” rating.

More notable recent BHP Billiton Limited (NYSE:BHP) news were published by: Seekingalpha.com which released: “BHP, Rio Tinto run higher as iron ore prices rise” on May 14, 2018, also Mining.com with their article: “BHP faces shareholder class action over Brazil mine disaster” published on May 16, 2018, Investingnews.com published: “BHP Makes Progress on Exit From Onshore US Business” on May 17, 2018. More interesting news about BHP Billiton Limited (NYSE:BHP) were released by: Seekingalpha.com and their article: “BHP Billiton trims full-year iron ore outlook” published on April 19, 2018 as well as Investingnews.com‘s news article titled: “BHP: Premium Iron Ore Miners Set to Gain From China Reforms” with publication date: May 07, 2018.

BHP Billiton Limited (NYSE:BHP) Ratings Chart

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