Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Drops By 70.6%

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,780 shares, a decline of 70.6% from the July 15th total of 6,062 shares. Based on an average daily trading volume, of 53,998 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

BDNNY has been the topic of a number of recent research reports. Berenberg Bank cut Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Barclays raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Zacks Research raised shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group raised shares of Boliden AB (publ) to a “strong sell” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Boliden AB (publ) has a consensus rating of “Hold”.

Boliden AB (publ) Trading Up 1.7%

Shares of OTCMKTS BDNNY opened at $112.85 on Thursday. Boliden AB has a fifty-two week low of $64.71 and a fifty-two week high of $160.93. The stock has a fifty day moving average of $108.63 and a 200-day moving average of $120.41.

About Boliden AB (publ)

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.