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

K+S Aktiengesellschaft (OTCMKTS:KPLUF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 884,857 shares, an increase of 94.7% from the June 30th total of 454,564 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KPLUF shares. DZ Bank raised shares of K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 22nd. Scotiabank upgraded K+S Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

K+S Aktiengesellschaft Stock Performance

OTCMKTS:KPLUF opened at $16.04 on Thursday. K+S Aktiengesellschaft has a twelve month low of $13.04 and a twelve month high of $21.20. The stock has a fifty day simple moving average of $17.02 and a 200-day simple moving average of $17.27.

About K+S Aktiengesellschaft

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.