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

K+S Aktiengesellschaft (OTCMKTS:KPLUF) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 169,064 shares, a growth of 19.4% from the February 26th total of 141,602 shares. Based on an average trading volume of 100 shares, the short-interest ratio is currently 1,690.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Scotiabank downgraded shares of K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. DZ Bank cut shares of K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Three analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Strong Sell”.

K+S Aktiengesellschaft Stock Performance

KPLUF opened at $17.63 on Wednesday. K+S Aktiengesellschaft has a one year low of $13.04 and a one year high of $21.21. The business’s 50-day simple moving average is $17.58 and its 200-day simple moving average is $15.11.

K+S Aktiengesellschaft Company Profile

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.