Boliden AB (publ) (OTCMKTS:BDNNY) Short Interest Down 78.9% in July

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 6,062 shares, a decrease of 78.9% from the June 30th total of 28,767 shares. Based on an average daily trading volume, of 49,659 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BDNNY. Barclays upgraded Boliden AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. Berenberg Bank cut shares of Boliden AB (publ) from a “strong-buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group raised shares of Boliden AB (publ) to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Zacks Research upgraded shares of Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Boliden AB (publ) presently has a consensus rating of “Hold”.

Boliden AB (publ) Stock Performance

Shares of OTCMKTS BDNNY opened at $98.47 on Friday. Boliden AB has a 1-year low of $61.13 and a 1-year high of $160.93. The business has a fifty day moving average price of $112.21 and a 200 day moving average price of $122.36.

About Boliden AB (publ)

Boliden AB (publ) is a Swedish-based integrated metals company that specializes in the exploration, mining, smelting and recycling of base and precious metals. With a focus on sustainability and efficiency, the company produces zinc, copper, nickel, lead, gold and silver concentrates, as well as refined metals and by-products such as sulphuric acid. Boliden operates through a network of hard-rock mines, metal smelters and recycling facilities.

The group’s mining portfolio includes the Aitik copper–gold mine and the Garpenberg zinc–silver–lead mine in Sweden, the Kevitsa nickel–copper–palladium mine in Finland, and the Tara zinc mine in Ireland, among others.