Polymetal International plc (OTCMKTS:POYYF – Get Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 304,000 shares, a decrease of 68.0% from the March 31st total of 949,900 shares. Based on an average trading volume of 1,084,700 shares, the days-to-cover ratio is presently 0.3 days.
Shares of OTCMKTS:POYYF traded down $0.07 during trading on Friday, reaching $3.24. 143,538 shares of the stock were exchanged, compared to its average volume of 477,908. Polymetal International has a 12-month low of $1.44 and a 12-month high of $28.30. The firm’s 50-day moving average price is $3.99 and its 200 day moving average price is $12.71.
Separately, Berenberg Bank downgraded shares of Polymetal International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 6th.
Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. It operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. The company is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals.
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