K+S Aktiengesellschaft (OTCMKTS:KPLUF) Sees Significant Increase in Short Interest

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 435,613 shares, an increase of 149.9% from the May 31st total of 174,323 shares. Based on an average daily trading volume, of 952 shares, the days-to-cover ratio is currently 457.6 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on KPLUF. DZ Bank raised shares of K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 22nd. Scotiabank lowered K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Sell”.

K+S Aktiengesellschaft Stock Performance

Shares of K+S Aktiengesellschaft stock remained flat at $16.80 during trading on Monday. K+S Aktiengesellschaft has a 1-year low of $13.04 and a 1-year high of $21.20. The firm’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $16.91.

K+S Aktiengesellschaft Company Profile

K+S Aktiengesellschaft is a Germany-based specialty chemicals and fertilizer company with a primary focus on the extraction and production of potash and salt. The company traces its origins back to the late 19th century, when potassium mining began in the Werra district of central Germany. Today, K+S operates as an independent publicly traded enterprise, leveraging decades of experience in mineral resources to serve agricultural and industrial markets worldwide.

The company’s core business activities include the mining, processing and marketing of potash and magnesium products for use in crop nutrition, as well as the sale of salt for de-icing, water treatment and industrial applications.