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

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,700 shares, a drop of 5.1% from the September 15th total of 3,900 shares. Based on an average trading volume of 17,200 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BDNNY. Citigroup upgraded shares of Boliden AB (publ) to a “hold” rating in a research report on Wednesday, October 9th. UBS Group raised shares of Boliden AB (publ) to a “hold” rating in a report on Friday, September 13th. Berenberg Bank raised Boliden AB (publ) to a “hold” rating in a research note on Monday, September 16th. Finally, Barclays cut Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday.

Boliden AB (publ) Stock Performance

Shares of BDNNY stock opened at $63.25 on Friday. Boliden AB has a 52 week low of $48.66 and a 52 week high of $72.51. The company’s 50 day moving average price is $61.29 and its two-hundred day moving average price is $63.53.

Boliden AB (publ) (OTCMKTS:BDNNY) last issued its quarterly earnings data on Friday, July 19th. The company reported $2.47 EPS for the quarter. The company had revenue of $2.13 billion for the quarter.

About Boliden AB (publ)

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.