Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Rises By 31.0%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 83,510 shares, a growth of 31.0% from the December 15th total of 63,757 shares. Based on an average daily trading volume, of 868 shares, the days-to-cover ratio is currently 96.2 days. Based on an average daily trading volume, of 868 shares, the days-to-cover ratio is currently 96.2 days.

KGHM Polska Miedz Trading Down 6.8%

KGHM Polska Miedz stock opened at $85.60 on Tuesday. The firm has a 50 day simple moving average of $68.19 and a 200 day simple moving average of $50.40. KGHM Polska Miedz has a 1-year low of $29.97 and a 1-year high of $92.02.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of KGHM Polska Miedz in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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‐Głogów Copper Belt in southwestern Poland, where it runs several underground and open-pit mines.