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

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

K+S Aktiengesellschaft Price Performance

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank cut shares of K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Monday, March 16th. DZ Bank upgraded K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.