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

Boliden AB (publ) (OTCMKTS:BDNNY) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 12,515 shares, a drop of 56.4% from the October 15th total of 28,720 shares. Based on an average daily trading volume, of 78,277 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

BDNNY has been the subject of a number of recent analyst reports. Zacks Research raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. Berenberg Bank downgraded Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Boliden AB (publ) Stock Down 1.3%

Shares of OTCMKTS:BDNNY traded down $1.28 during trading on Friday, hitting $99.43. 29,647 shares of the company were exchanged, compared to its average volume of 17,168. Boliden AB has a 12-month low of $84.54 and a 12-month high of $160.93. The firm’s 50 day moving average price is $105.47 and its 200-day moving average price is $116.02.

Boliden AB (publ) Company Profile

Boliden AB (publ) is a Swedish mining and metals company engaged in the exploration, extraction, processing and recycling of base and precious metals. Its principal products include zinc, copper, lead, nickel, gold and silver, along with other metals recovered as byproducts. Founded in 1924 following the discovery of a gold deposit near Boliden in northern Sweden, the company has developed an integrated business spanning mines, concentrators, smelters and recycling facilities. Its mining operations produce ore and concentrates, while its smelters process both mined materials and secondary raw materials into refined metals and metal products.