Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Expands By 225.1%

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 28,767 shares, an increase of 225.1% from the June 15th total of 8,849 shares. Based on an average daily volume of 30,727 shares, the days-to-cover ratio is presently 0.9 days.

Boliden AB (publ) Price Performance

Shares of OTCMKTS BDNNY opened at $107.94 on Monday. The business has a 50 day simple moving average of $114.00 and a 200 day simple moving average of $122.94. Boliden AB has a 52 week low of $61.13 and a 52 week high of $160.93.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered shares of Boliden AB (publ) from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 20th. Zacks Research cut shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Barclays raised shares of Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded Boliden AB (publ) to a “strong sell” rating in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Boliden AB (publ) Company Profile

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.