Boliden AB (publ) (OTCMKTS:BDNNY) Sees Significant Decrease in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 12,515 shares, a decline of 56.4% from the October 15th total of 28,720 shares. Based on an average daily volume of 78,277 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BDNNY shares. Zacks Research raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. Berenberg Bank cut Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Boliden AB (publ) Stock Down 1.3%

Boliden AB (publ) stock traded down $1.28 during mid-day trading on Friday, reaching $99.43. 29,647 shares of the company were exchanged, compared to its average volume of 17,168. The firm’s 50-day simple moving average is $105.47 and its two-hundred day simple moving average is $116.02. Boliden AB has a twelve month low of $84.54 and a twelve month high of $160.93.

Boliden AB (publ) Company Profile

Boliden AB (publ) is a Swedish mining and metals company engaged in the exploration, extraction, processing and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, along with other metals recovered as byproducts. Founded in 1924 following the discovery of a gold deposit near Boliden in northern Sweden, the company has developed an integrated business spanning mines, concentrators, smelters and recycling facilities. Its mining operations produce ore and concentrates, while its smelters process both mined materials and secondary raw materials into refined metals and metal products.