KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Short Interest Up 110.0% in July

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 88,416 shares, a growth of 110.0% from the July 15th total of 42,102 shares. Based on an average trading volume of 29 shares, the short-interest ratio is presently 3,048.8 days.

KGHM Polska Miedz Price Performance

Shares of OTCMKTS:KGHPF opened at $76.22 on Monday. KGHM Polska Miedz has a 1 year low of $33.99 and a 1 year high of $107.55. The business’s 50 day simple moving average is $84.96 and its 200 day simple moving average is $85.42.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.