Boliden AB (publ) (OTCMKTS:BDNNY) Short Interest Down 89.8% in January

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large drop in short interest in January. As of January 15th, there was short interest totalling 500 shares, a drop of 89.8% from the December 31st total of 4,900 shares. Based on an average daily trading volume, of 44,000 shares, the short-interest ratio is presently 0.0 days.

Boliden AB (publ) Price Performance

OTCMKTS BDNNY opened at $60.90 on Wednesday. The stock’s fifty day moving average price is $59.04 and its 200 day moving average price is $60.41. Boliden AB has a 1 year low of $49.82 and a 1 year high of $72.51.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group upgraded shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 7th. BNP Paribas cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Barclays lowered Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 16th. Royal Bank of Canada lowered Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 5th. Finally, Citigroup raised shares of Boliden AB (publ) to a “hold” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

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.