Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Grows By 91.7%

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,300 shares, an increase of 91.7% from the September 15th total of 1,200 shares. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 9,400 shares, the short-interest ratio is currently 0.2 days.

Boliden AB (publ) Stock Performance

Shares of BDNNY opened at $88.74 on Tuesday. The business has a 50-day simple moving average of $75.33 and a two-hundred day simple moving average of $66.87. Boliden AB has a 52 week low of $53.00 and a 52 week high of $88.87.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Boliden AB (publ) presently has an average rating of “Moderate Buy”.

About Boliden AB (publ)

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.