Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Grows By 200.0%

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 10,800 shares, a growth of 200.0% from the October 31st total of 3,600 shares. Based on an average trading volume of 26,700 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BNP Paribas downgraded shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th. UBS Group cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Barclays downgraded Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 16th. Berenberg Bank upgraded Boliden AB (publ) to a “hold” rating in a report on Monday, September 16th. Finally, Citigroup upgraded shares of Boliden AB (publ) to a “hold” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Boliden AB (publ) Stock Up 0.2 %

Shares of Boliden AB (publ) stock traded up $0.10 during trading hours on Thursday, reaching $59.07. 7,110 shares of the company were exchanged, compared to its average volume of 12,890. Boliden AB has a 1 year low of $49.82 and a 1 year high of $72.51. The stock’s fifty day moving average is $62.54 and its 200 day moving average is $62.89.

Boliden AB (publ) (OTCMKTS:BDNNY) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share (EPS) for the quarter. The business had revenue of $2.13 billion during 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.