Boliden AB (publ) (OTCMKTS:BDNNY) Sees Significant Increase in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNYGet Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 3,600 shares, a growth of 200.0% from the October 15th total of 1,200 shares. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is presently 0.3 days.

Boliden AB (publ) Stock Down 1.3 %

Shares of OTCMKTS:BDNNY traded down $0.78 during trading on Tuesday, hitting $60.64. The stock had a trading volume of 6,114 shares, compared to its average volume of 12,538. The firm’s fifty day moving average is $62.29 and its 200 day moving average is $63.57. Boliden AB has a 12 month low of $49.82 and a 12 month high of $72.51.

Boliden AB (publ) (OTCMKTS:BDNNYGet Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.60 EPS for the quarter. The business had revenue of $2.13 billion for the quarter.

Wall Street Analyst Weigh In

A number of analysts recently commented on BDNNY shares. Berenberg Bank upgraded Boliden AB (publ) to a “hold” rating in a research report on Monday, September 16th. Citigroup raised Boliden AB (publ) to a “hold” rating in a research note on Wednesday, October 9th. Barclays downgraded Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 16th. UBS Group cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 23rd. Finally, BNP Paribas cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

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About Boliden AB (publ)

(Get Free Report)

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.

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