Could Bhp Billiton Limited (NYSE:BHP) See a Reversal After More Sellers Came In?

December 8, 2017 - By Nellie Frank

 Could Bhp Billiton Limited (NYSE:BHP) See a Reversal After More Sellers Came In?

The stock of Bhp Billiton Limited (NYSE:BHP) registered an increase of 15.01% in short interest. BHP’s total short interest was 14.86M shares in December as published by FINRA. Its up 15.01% from 12.92 million shares, reported previously. With 2.46 million 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 0.56%.

The stock decreased 0.17% or $0.07 during the last trading session, reaching $41.04. About 1.76 million shares traded. BHP Billiton Limited (NYSE:BHP) has risen 34.32% since December 8, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. The company has market cap of $114.29 billion. It operates through four divisions: Petroleum, Copper, Iron Ore, and Coal. It has a 18.59 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 25 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 9 have Buy rating, 5 Sell and 11 Hold. Therefore 36% are positive. BHP Billiton Limited (ADR) has $46 highest and $15 lowest target. $34.67’s average target is -15.52% below currents $41.04 stock price. BHP Billiton Limited (ADR) had 53 analyst reports since July 22, 2015 according to SRatingsIntel. Clarkson Platou downgraded the shares of BHP in report on Tuesday, November 17 to “Neutral” rating. As per Wednesday, January 13, the company rating was upgraded by Morgan Stanley. The company was downgraded on Tuesday, January 12 by Barclays Capital. The firm earned “Sell” rating on Wednesday, July 22 by Liberum Capital. The stock of BHP Billiton Limited (NYSE:BHP) earned “Buy” rating by Jefferies on Tuesday, August 23. The stock of BHP Billiton Limited (NYSE:BHP) has “Neutral” rating given on Wednesday, July 22 by JP Morgan. The stock of BHP Billiton Limited (NYSE:BHP) earned “Outperform” rating by Bernstein on Wednesday, July 5. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, September 20 report. The stock of BHP Billiton Limited (NYSE:BHP) earned “Neutral” rating by JP Morgan on Wednesday, September 23. The rating was maintained by Cowen & Co with “Hold” on Thursday, July 13.

Another recent and important BHP Billiton Limited (NYSE:BHP) news was published by Investorplace.com which published an article titled: “BHP Billiton Limited (ADR) (BHP) to Exit US Shale Business” on August 22, 2017.

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