Boliden AB (publ) (OTCMKTS:BDNNY) Sees Significant Increase in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 28,720 shares, an increase of 183.0% from the September 30th total of 10,147 shares. Based on an average daily trading volume, of 50,407 shares, the short-interest ratio is presently 0.6 days.

Boliden AB (publ) Stock Down 2.2%

Shares of BDNNY stock traded down $2.26 during mid-day trading on Friday, reaching $101.47. The stock had a trading volume of 8,722 shares, compared to its average volume of 16,151. Boliden AB has a 1-year low of $84.54 and a 1-year high of $160.93. The business’s fifty day moving average is $108.74 and its 200-day moving average is $117.60.

Analysts Set New Price Targets

BDNNY has been the topic of a number of analyst reports. Berenberg Bank cut Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boliden AB (publ) has an average rating of “Hold”.

Boliden AB (publ) Company Profile

Boliden AB (publ) is a Sweden-based metals and mining company engaged in the exploration, mining, smelting and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, which are supplied to industrial customers and metal markets, primarily in Europe.

The company operates mines and metallurgical facilities in the Nordic region and has historically maintained mining operations in Sweden, Finland, Ireland and other parts of Europe.