K+S Aktiengesellschaft (OTCMKTS:KPLUF) Sees Large Drop in Short Interest

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 373,812 shares, a drop of 52.8% from the September 30th total of 792,101 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ? days.

Analyst Ratings Changes

Several equities analysts recently weighed in on KPLUF shares. DZ Bank upgraded shares of K+S Aktiengesellschaft from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Scotiabank upgraded K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, K+S Aktiengesellschaft has an average rating of “Buy”.

K+S Aktiengesellschaft Price Performance

Shares of K+S Aktiengesellschaft stock opened at $14.61 on Friday. K+S Aktiengesellschaft has a fifty-two week low of $13.16 and a fifty-two week high of $21.20. The business has a 50-day moving average price of $18.78 and a 200 day moving average price of $17.66.

K+S Aktiengesellschaft Company Profile

K+S Aktiengesellschaft is a Germany-based mining and chemicals company that produces and markets mineral products for agriculture, industry, food processing and other applications. The company’s principal products include potash fertilizers, magnesium compounds and industrial salts, which are used to support crop nutrition, manufacture chemical products and provide de-icing, water-treatment and food-grade solutions.

K+S operates through two primary business areas: Agriculture, which supplies potassium- and magnesium-based fertilizers, and Industry+, which provides products such as salt and magnesium compounds.