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

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a decline of 20.0% from the February 28th total of 1,000 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BDNNY. Royal Bank of Canada lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 5th. UBS Group raised shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Boliden AB (publ) currently has a consensus rating of “Hold”.

Boliden AB (publ) Stock Down 2.1 %

Shares of BDNNY opened at $67.68 on Monday. Boliden AB has a twelve month low of $54.44 and a twelve month high of $76.62. The firm’s 50 day moving average price is $68.64 and its 200 day moving average price is $63.50.

Boliden AB (publ) (OTCMKTS:BDNNY) last posted its quarterly earnings results on Thursday, February 6th. The company reported $2.03 earnings per share (EPS) 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.