KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Short Interest Up 84.2% in May

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 11,191 shares, a growth of 84.2% from the May 14th total of 6,075 shares. Based on an average daily trading volume, of 44 shares, the days-to-cover ratio is currently 254.3 days.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on KGHPF. Morgan Stanley reiterated an “overweight” rating on shares of KGHM Polska Miedz in a research note on Monday, April 27th. Citigroup cut shares of KGHM Polska Miedz from a “neutral” rating to a “sell” rating in a report on Monday, February 16th. Finally, UBS Group raised KGHM Polska Miedz to a “buy” rating in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

KGHM Polska Miedz Price Performance

KGHM Polska Miedz stock remained flat at $97.18 during trading hours on Monday. The company’s stock had a trading volume of 133 shares, compared to its average volume of 1,155. The company’s fifty day simple moving average is $88.65 and its 200-day simple moving average is $82.33. KGHM Polska Miedz has a 12-month low of $33.99 and a 12-month high of $107.55.

About KGHM Polska Miedz

KGHM Polska Miedz (OTCMKTS: KGHPF) is a leading Polish mining and metallurgical company specializing in the extraction and processing of copper and precious metals. Headquartered in Lubin, Poland, the company operates an integrated business model that spans exploration, mining, smelting and refining. KGHM is known for producing copper cathodes, wire rod and a range of semi‐finished copper products, along with significant volumes of silver, gold and other byproducts such as molybdenum and nickel.

The company’s core operations are anchored in the Legnica‐Głogów Copper Belt in southwestern Poland, where it runs several underground and open-pit mines.