KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Short Interest Up 145.0% in July

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 42,102 shares, a growth of 145.0% from the June 30th total of 17,186 shares. Based on an average trading volume of 219 shares, the days-to-cover ratio is currently 192.2 days.

KGHM Polska Miedz Stock Performance

KGHPF stock remained flat at $76.22 during trading on Wednesday. The firm has a 50 day moving average of $89.44 and a 200 day moving average of $86.51. KGHM Polska Miedz has a 52-week low of $33.99 and a 52-week high of $107.55.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of KGHM Polska Miedz in a research report on Monday, April 27th. UBS Group raised shares of KGHM Polska Miedz to a “buy” rating in a research note on Thursday, April 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.