Boliden AB (publ) (OTCMKTS:BDNNY) Short Interest Up 153.9% in August

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 4,520 shares, a growth of 153.9% from the July 30th total of 1,780 shares. Based on an average daily volume of 26,808 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Zacks Research raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group raised shares of Boliden AB (publ) to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Berenberg Bank downgraded shares of Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Boliden AB (publ) Trading Down 0.3%

Shares of Boliden AB (publ) stock traded down $0.30 on Friday, reaching $118.80. 13,062 shares of the company were exchanged, compared to its average volume of 14,137. Boliden AB has a one year low of $67.74 and a one year high of $160.93. The company has a 50-day moving average of $108.63 and a 200 day moving average of $118.39.

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.