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

Boliden AB (publ) (OTCMKTS:BDNNY) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 800 shares, a drop of 83.7% from the January 31st total of 4,900 shares. Based on an average trading volume of 14,600 shares, the short-interest ratio is currently 0.1 days.

Boliden AB (publ) Price Performance

BDNNY traded down $0.71 during trading on Friday, hitting $70.02. 7,297 shares of the company traded hands, compared to its average volume of 9,749. Boliden AB has a one year low of $49.82 and a one year high of $72.70. The stock’s fifty day moving average is $63.21 and its 200 day moving average is $61.70.

Boliden AB (publ) (OTCMKTS:BDNNY) last released its earnings results on Thursday, February 6th. The company reported $2.03 earnings per share for the quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on BDNNY shares. 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. UBS Group raised Boliden AB (publ) from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.