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

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,900 shares, an increase of 58.1% from the November 30th total of 3,100 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

BDNNY has been the topic of several research reports. Citigroup upgraded shares of Boliden AB (publ) to a “hold” rating in a research note on Wednesday, October 9th. BNP Paribas lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. Barclays downgraded Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 16th. Berenberg Bank raised Boliden AB (publ) to a “hold” rating in a research note on Monday, September 16th. Finally, UBS Group cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Boliden AB (publ) currently has an average rating of “Reduce”.

Boliden AB (publ) Stock Performance

Shares of BDNNY traded up $0.01 during trading hours on Friday, hitting $56.18. 22,749 shares of the company were exchanged, compared to its average volume of 13,165. The firm’s 50 day moving average is $60.12 and its 200-day moving average is $61.48. Boliden AB has a 52 week low of $49.82 and a 52 week high of $72.51.

Boliden AB (publ) (OTCMKTS:BDNNY) last announced its earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share (EPS) for the quarter. The company had revenue of $2.13 billion for the quarter.

About Boliden AB (publ)

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.