Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Grows By 91.7%

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,300 shares, an increase of 91.7% from the September 15th total of 1,200 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Boliden AB (publ) Stock Performance

BDNNY stock opened at $88.74 on Tuesday. Boliden AB has a 1 year low of $53.00 and a 1 year high of $88.87. The stock’s fifty day moving average price is $75.33 and its 200-day moving average price is $66.87.

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.