Boliden AB (publ) (OTCMKTS:BDNNY) Short Interest Up 225.1% in June

Boliden AB (publ) (OTCMKTS:BDNNY) saw a large growth in short interest in the month of 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 volume of 30,727 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Several brokerages recently commented on BDNNY. The Goldman Sachs Group upgraded Boliden AB (publ) to a “strong sell” rating in a research report on Tuesday, June 9th. Barclays raised Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 28th. Zacks Research cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Finally, Royal Bank Of Canada downgraded shares of Boliden AB (publ) from a “moderate buy” rating to a “hold” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boliden AB (publ) presently has a consensus rating of “Hold”.

Boliden AB (publ) Trading Down 2.6%

Shares of OTCMKTS BDNNY opened at $105.10 on Tuesday. The firm’s 50-day moving average price is $113.99 and its 200-day moving average price is $122.91. Boliden AB has a 1-year low of $61.13 and a 1-year high of $160.93.

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.