KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Sees Significant Growth in Short Interest

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 88,416 shares, a growth of 110.0% from the July 15th total of 42,102 shares. Based on an average daily trading volume, of 29 shares, the days-to-cover ratio is presently 3,048.8 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley restated an “overweight” rating on shares of KGHM Polska Miedz in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

KGHM Polska Miedz Stock Performance

OTCMKTS:KGHPF remained flat at $76.22 during trading hours on Friday. The stock has a 50 day moving average of $84.96 and a two-hundred day moving average of $85.52. KGHM Polska Miedz has a one year low of $33.99 and a one year high of $107.55.

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.