K+S Aktiengesellschaft (OTCMKTS:KPLUF) Sees Large Increase in Short Interest

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 884,857 shares, a growth of 94.7% from the June 30th total of 454,564 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ? days.

K+S Aktiengesellschaft Stock Performance

OTCMKTS:KPLUF opened at $16.04 on Thursday. The firm has a 50-day simple moving average of $17.02 and a 200-day simple moving average of $17.27. K+S Aktiengesellschaft has a one year low of $13.04 and a one year high of $21.20.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KPLUF shares. DZ Bank raised K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 22nd. Scotiabank upgraded K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

About K+S Aktiengesellschaft

K+S Aktiengesellschaft is a Germany-based specialty chemicals and fertilizer company with a primary focus on the extraction and production of potash and salt. The company traces its origins back to the late 19th century, when potassium mining began in the Werra district of central Germany. Today, K+S operates as an independent publicly traded enterprise, leveraging decades of experience in mineral resources to serve agricultural and industrial markets worldwide.

The company’s core business activities include the mining, processing and marketing of potash and magnesium products for use in crop nutrition, as well as the sale of salt for de-icing, water treatment and industrial applications.