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

Boliden AB (publ) (OTCMKTS:BDNNY) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 500 shares, a decline of 89.8% from the December 15th total of 4,900 shares. Based on an average trading volume of 44,000 shares, the short-interest ratio is currently 0.0 days.

Boliden AB (publ) Stock Up 1.4 %

OTCMKTS:BDNNY opened at $58.45 on Tuesday. The firm’s fifty day simple moving average is $58.64 and its 200-day simple moving average is $60.69. 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 posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.60 earnings per share (EPS) for the quarter. The company had revenue of $2.13 billion for the quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BDNNY shares. Barclays cut Boliden AB (publ) from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 16th. Citigroup raised shares of Boliden AB (publ) to a “hold” rating in a research note on Wednesday, October 9th. BNP Paribas cut shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered shares of Boliden AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 5th. Finally, Berenberg Bank raised Boliden AB (publ) to a “hold” rating in a report on Monday, September 16th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.