Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Increases By 164.6%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 63,782 shares, an increase of 164.6% from the November 30th total of 24,105 shares. Based on an average daily trading volume, of 131 shares, the short-interest ratio is presently 486.9 days. Based on an average daily trading volume, of 131 shares, the short-interest ratio is presently 486.9 days.

KGHM Polska Miedz Stock Up 1.1%

Shares of KGHM Polska Miedz stock traded up $0.89 during midday trading on Friday, reaching $78.89. 620 shares of the company’s stock traded hands, compared to its average volume of 680. KGHM Polska Miedz has a 52 week low of $29.97 and a 52 week high of $78.93. The company’s 50 day simple moving average is $58.00 and its 200 day simple moving average is $44.72.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reiterated an “overweight” rating on shares of KGHM Polska Miedz in a research report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

KGHM Polska Miedz Company Profile

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.