Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Increases By 110.0%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 88,416 shares, a growth of 110.0% from the July 15th total of 42,102 shares. Based on an average trading volume of 29 shares, the short-interest ratio is presently 3,048.8 days.

KGHM Polska Miedz Stock Performance

Shares of KGHPF stock remained flat at $76.22 on Friday. The stock’s 50-day moving average price is $84.96 and its 200-day moving average price is $85.52. KGHM Polska Miedz has a 12-month low of $33.99 and a 12-month high of $107.55.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About KGHM Polska Miedz

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.