Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Rises By 84.2%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 11,191 shares, a growth of 84.2% from the May 14th total of 6,075 shares. Based on an average daily trading volume, of 44 shares, the days-to-cover ratio is presently 254.3 days.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. UBS Group raised KGHM Polska Miedz to a “buy” rating in a report on Thursday, April 9th. Morgan Stanley reissued an “overweight” rating on shares of KGHM Polska Miedz in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, KGHM Polska Miedz has an average rating of “Hold”.

KGHM Polska Miedz Price Performance

Shares of KGHPF stock opened at $101.58 on Wednesday. The stock’s 50-day moving average is $89.67 and its two-hundred day moving average is $83.02. KGHM Polska Miedz has a 1 year low of $33.99 and a 1 year high of $107.55.

KGHM Polska Miedz Company Profile

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.