KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Sees Significant Decrease in Short Interest

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 28 shares, a decline of 85.9% from the February 26th total of 198 shares. Based on an average daily trading volume, of 1,196 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 1,196 shares, the short-interest ratio is presently 0.0 days.

KGHM Polska Miedz Stock Performance

Shares of OTCMKTS:KGHPF remained flat at $70.10 during trading on Wednesday. The company had a trading volume of 1 shares, compared to its average volume of 1,450. The firm has a 50-day moving average of $85.92 and a 200-day moving average of $66.76. KGHM Polska Miedz has a 12-month low of $29.97 and a 12-month high of $107.55.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of KGHM Polska Miedz from a “neutral” rating to a “sell” rating in a research note on Monday, February 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

KGHM Polska Miedz Company Profile

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.