Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Grows By 225.1%

Boliden AB (publ) (OTCMKTS:BDNNY) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 28,767 shares, a growth of 225.1% from the June 15th total of 8,849 shares. Based on an average trading volume of 30,727 shares, the days-to-cover ratio is presently 0.9 days.

Boliden AB (publ) Price Performance

Shares of BDNNY opened at $109.45 on Wednesday. Boliden AB has a 52-week low of $61.13 and a 52-week high of $160.93. The business’s 50 day moving average price is $114.06 and its two-hundred day moving average price is $122.91.

Wall Street Analysts Forecast Growth

BDNNY has been the topic of several analyst reports. Zacks Research cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Royal Bank Of Canada lowered shares of Boliden AB (publ) from a “moderate buy” rating to a “hold” rating in a report on Friday, March 20th. Barclays upgraded shares of Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Finally, The Goldman Sachs Group raised shares of Boliden AB (publ) to a “strong sell” rating in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boliden AB (publ) presently has an average rating of “Hold”.

Boliden AB (publ) Company Profile

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.