KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Sees Significant Increase in Short Interest

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 63,782 shares, a growth of 164.6% from the November 30th total of 24,105 shares. Based on an average trading volume of 131 shares, the days-to-cover ratio is presently 486.9 days. Based on an average trading volume of 131 shares, the days-to-cover ratio is presently 486.9 days.

KGHM Polska Miedz Trading Up 1.1%

Shares of KGHM Polska Miedz stock traded up $0.89 during trading on Friday, hitting $78.89. 620 shares of the company’s stock traded hands, compared to its average volume of 680. KGHM Polska Miedz has a 1 year low of $29.97 and a 1 year high of $78.93. The business has a 50-day simple moving average of $58.00 and a 200-day simple moving average of $44.81.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of KGHM Polska Miedz in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

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.