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

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

KGHM Polska Miedz Stock Performance

Shares of KGHM Polska Miedz stock remained flat at $76.22 on Friday. The firm has a 50-day moving average of $84.96 and a 200 day moving average of $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 reissued an “overweight” rating on shares of KGHM Polska Miedz in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average 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?G?ogów Copper Belt in southwestern Poland, where it runs several underground and open-pit mines.