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

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the recipient of a large growth in short interest in 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.

KGHM Polska Miedz Price Performance

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KGHPF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a report on Monday, April 27th. Citigroup cut shares of KGHM Polska Miedz from a “neutral” rating to a “sell” rating in a research note on Monday, February 16th. Finally, UBS Group raised shares of 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 stock. Based on data from MarketBeat, 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.