Boliden AB (publ) (OTCMKTS:BDNNY) Short Interest Update

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 3,100 shares, a decline of 71.3% from the November 15th total of 10,800 shares. Based on an average daily volume of 31,100 shares, the days-to-cover ratio is presently 0.1 days.

Boliden AB (publ) Price Performance

OTCMKTS:BDNNY traded down $0.92 during mid-day trading on Wednesday, hitting $60.74. 10,653 shares of the company’s stock traded hands, compared to its average volume of 12,842. The firm has a 50 day moving average of $61.88 and a two-hundred day moving average of $62.32. Boliden AB has a 12 month low of $49.82 and a 12 month high of $72.51.

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

Analyst Upgrades and Downgrades

BDNNY has been the topic of a number of recent research reports. Berenberg Bank upgraded Boliden AB (publ) to a “hold” rating in a research note on Monday, September 16th. Royal Bank of Canada downgraded Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 5th. Citigroup upgraded Boliden AB (publ) to a “hold” rating in a research note on Wednesday, October 9th. Barclays downgraded Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 16th. Finally, UBS Group downgraded Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, Boliden AB (publ) presently has an average rating of “Reduce”.

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.