Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Expands By 225.1%

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 28,767 shares, a growth of 225.1% from the June 15th total of 8,849 shares. Based on an average daily trading volume, of 30,727 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

BDNNY has been the topic of several research reports. Barclays raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. The Goldman Sachs Group upgraded Boliden AB (publ) to a “strong sell” rating in a report on Tuesday, June 9th. Royal Bank Of Canada lowered Boliden AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Zacks Research downgraded Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Boliden AB (publ) Stock Performance

Shares of OTCMKTS:BDNNY opened at $107.94 on Monday. Boliden AB has a 52 week low of $61.13 and a 52 week high of $160.93. The firm has a 50 day simple moving average of $114.00 and a 200 day simple moving average of $122.94.

About Boliden AB (publ)

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.