Short Interest in Boliden AB (publ) (OTCMKTS:BDNNY) Expands By 200.0%

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

Analysts Set New Price Targets

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

Boliden AB (publ) Stock Down 4.9 %

Shares of OTCMKTS:BDNNY opened at $57.70 on Wednesday. Boliden AB has a twelve month low of $49.82 and a twelve month high of $72.51. The stock’s 50 day moving average is $62.31 and its 200-day moving average is $63.52.

Boliden AB (publ) (OTCMKTS:BDNNY) last released its earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share (EPS) for the quarter. The firm had revenue of $2.13 billion during the quarter.

Boliden AB (publ) Company Profile

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.