Boliden AB (publ) (OTCMKTS:BDNNY) Sees Significant Growth in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNY) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 28,720 shares, a growth of 183.0% from the September 30th total of 10,147 shares. Based on an average daily trading volume, of 50,407 shares, the short-interest ratio is presently 0.6 days.

Boliden AB (publ) Price Performance

Boliden AB (publ) stock opened at $99.50 on Friday. Boliden AB has a fifty-two week low of $84.54 and a fifty-two week high of $160.93. The firm has a fifty day moving average price of $108.47 and a two-hundred day moving average price of $117.47.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BDNNY. Zacks Research lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, October 26th. Berenberg Bank lowered Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Boliden AB (publ) presently has a consensus rating of “Hold”.

About Boliden AB (publ)

Boliden AB (publ) is a Sweden-based metals and mining company engaged in the exploration, mining, smelting and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, which are supplied to industrial customers and metal markets, primarily in Europe.

The company operates mines and metallurgical facilities in the Nordic region and has historically maintained mining operations in Sweden, Finland, Ireland and other parts of Europe.