BHP Group Limited (NYSE:BHP) Short Interest Update

BHP Group Limited (NYSE:BHP) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 9,480,000 shares, a growth of 5.7% from the December 31st total of 8,970,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 4.4 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BHP. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Hedge Funds Weigh In On BHP Group

Several large investors have recently bought and sold shares of the company. XY Capital Ltd increased its position in BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. Wellington Management Group LLP grew its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after buying an additional 642,765 shares during the period. Fisher Asset Management LLC increased its stake in shares of BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after acquiring an additional 633,290 shares in the last quarter. Mediolanum International Funds Ltd acquired a new position in shares of BHP Group during the 3rd quarter valued at $33,458,000. Finally, International Assets Investment Management LLC increased its stake in BHP Group by 6,281.5% in the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 1.3 %

Shares of BHP stock opened at $49.12 on Monday. The business has a fifty day simple moving average of $50.28 and a 200 day simple moving average of $53.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.