Boliden AB (publ) (OTCMKTS:BDNNY) Sees Large Growth in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 10,800 shares, a growth of 200.0% from the October 31st total of 3,600 shares. Based on an average trading volume of 26,700 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

BDNNY has been the topic of a number of research analyst reports. BNP Paribas downgraded Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Barclays downgraded shares of Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a report on Wednesday, October 16th. Berenberg Bank raised Boliden AB (publ) to a “hold” rating in a research note on Monday, September 16th. UBS Group lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Boliden AB (publ) to a “hold” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Boliden AB (publ) Trading Down 0.9 %

OTCMKTS:BDNNY traded down $0.54 on Wednesday, hitting $58.97. 13,349 shares of the company’s stock traded hands, compared to its average volume of 12,915. The firm has a 50-day moving average price of $62.55 and a 200-day moving average price of $62.92. Boliden AB has a 1 year low of $49.82 and a 1 year high of $72.51.

Boliden AB (publ) (OTCMKTS:BDNNY) last issued its earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share (EPS) for the quarter. The company had revenue of $2.13 billion for the quarter.

Boliden AB (publ) Company Profile

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. It explores for copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, and palladium deposits.