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

K+S Aktiengesellschaft (OTCMKTS:KPLUF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 435,613 shares, an increase of 149.9% from the May 31st total of 174,323 shares. Based on an average daily volume of 952 shares, the days-to-cover ratio is presently 457.6 days.

K+S Aktiengesellschaft Stock Performance

Shares of KPLUF remained flat at $16.80 during mid-day trading on Tuesday. The business has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $16.91. K+S Aktiengesellschaft has a one year low of $13.04 and a one year high of $21.20.

Analysts Set New Price Targets

A number of brokerages have weighed in on KPLUF. Scotiabank lowered K+S Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, March 16th. DZ Bank raised K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.