Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Grows By 620.0%

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,600 shares, a growth of 620.0% from the December 31st total of 500 shares. Based on an average daily trading volume, of 37,300 shares, the short-interest ratio is presently 0.1 days.

Boliden AB (publ) Price Performance

OTCMKTS:BDNNY traded up $0.33 during trading hours on Thursday, hitting $61.09. 5,854 shares of the stock were exchanged, compared to its average volume of 13,378. Boliden AB has a 52-week low of $49.82 and a 52-week high of $72.51. The firm’s fifty day moving average price is $59.15 and its 200 day moving average price is $60.36.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Thursday, December 5th. UBS Group upgraded Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 7th. Citigroup upgraded Boliden AB (publ) to a “hold” rating in a report on Wednesday, October 9th. BNP Paribas lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Finally, Barclays downgraded Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Boliden AB (publ) currently has a consensus rating of “Hold”.

Boliden AB (publ) Company Profile

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. It explores for copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, and palladium deposits.