KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Stock Short Interest Climbs 266.8%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 19,457 shares, an increase of 266.8% from the October 15th total of 5,304 shares. Based on an average daily volume of 64 shares, the short-interest ratio is currently 304.0 days.

KGHM Polska Miedz Price Performance

OTCMKTS:KGHPF remained flat at $72.00 during mid-day trading on Thursday. The company had a trading volume of 27 shares, compared to its average volume of 907. The stock has a fifty day moving average of $85.41 and a two-hundred day moving average of $84.86. KGHM Polska Miedz has a 12 month low of $50.29 and a 12 month high of $107.55.

Wall Street Analyst Weigh In

Separately, Oddo Bhf initiated coverage on KGHM Polska Miedz in a report on Tuesday, September 29th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

About KGHM Polska Miedz

KGHM Polska Miedź S.A. is a Polish mining and metals company focused on the exploration, extraction and processing of copper ore. Its operations include mines and smelting facilities in Poland’s Lower Silesia region, where it produces refined copper and copper products. The company’s product range also includes silver, gold, lead and other metals recovered during mining and processing, as well as industrial by-products such as sulfuric acid. KGHM also has mining interests outside Poland, including operations in Chile and the United States.