Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Decreases By 59.0%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 45,996 shares, a decrease of 59.0% from the January 29th total of 112,290 shares. Based on an average daily volume of 2,296 shares, the short-interest ratio is presently 20.0 days. Based on an average daily volume of 2,296 shares, the short-interest ratio is presently 20.0 days.

KGHM Polska Miedz Stock Performance

KGHPF stock remained flat at $89.25 during mid-day trading on Friday. 696 shares of the company’s stock traded hands, compared to its average volume of 1,547. KGHM Polska Miedz has a twelve month low of $29.97 and a twelve month high of $107.55. The firm’s 50 day moving average is $86.35 and its two-hundred day moving average is $60.96.

Analysts Set New Price Targets

KGHPF has been the subject of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a research note on Thursday, November 20th. Citigroup downgraded KGHM Polska Miedz from a “neutral” rating to a “sell” rating in a report on Monday, February 16th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About KGHM Polska Miedz

KGHM Polska Miedz (OTCMKTS: KGHPF) is a leading Polish mining and metallurgical company specializing in the extraction and processing of copper and precious metals. Headquartered in Lubin, Poland, the company operates an integrated business model that spans exploration, mining, smelting and refining. KGHM is known for producing copper cathodes, wire rod and a range of semi‐finished copper products, along with significant volumes of silver, gold and other byproducts such as molybdenum and nickel.

The company’s core operations are anchored in the Legnica‐Głogów Copper Belt in southwestern Poland, where it runs several underground and open-pit mines.