Boliden AB (publ) (OTCMKTS:BDNNY) Sees Large Drop in Short Interest

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,200 shares, a decline of 67.6% from the September 30th total of 3,700 shares. Based on an average daily volume of 11,400 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

BDNNY has been the topic of a number of recent research reports. UBS Group cut Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Citigroup raised shares of Boliden AB (publ) to a “hold” rating in a report on Wednesday, October 9th. Berenberg Bank raised Boliden AB (publ) to a “hold” rating in a report on Monday, September 16th. Finally, Barclays lowered Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 16th.

Boliden AB (publ) Stock Performance

BDNNY stock traded down $0.99 during trading hours on Friday, reaching $63.20. The stock had a trading volume of 2,196 shares, compared to its average volume of 12,785. The stock has a 50-day simple moving average of $61.88 and a 200 day simple moving average of $63.64. Boliden AB has a fifty-two week low of $49.82 and a fifty-two week high of $72.51.

Boliden AB (publ) (OTCMKTS:BDNNY) last announced its earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share for the quarter. The business had revenue of $2.13 billion for the quarter.

Boliden AB (publ) Company Profile

Boliden AB (publ) engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally. The company operates through two segments, Business Area Mines and Business Area Smelters. It explores for copper, zinc, nickel, lead, gold, silver, cobalt, sulphuric acid, tellurium, platinum, and palladium deposits.