Short Interest in KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) Increases By 33.0%

KGHM Polska Miedz S.A. (OTCMKTS:KGHPF) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 111,065 shares, a growth of 33.0% from the December 31st total of 83,510 shares. Based on an average daily volume of 1,404 shares, the days-to-cover ratio is presently 79.1 days. Based on an average daily volume of 1,404 shares, the days-to-cover ratio is presently 79.1 days.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reissued an “overweight” rating on shares of KGHM Polska Miedz in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

KGHM Polska Miedz Price Performance

OTCMKTS:KGHPF opened at $94.64 on Wednesday. The stock has a 50-day simple moving average of $77.54 and a two-hundred day simple moving average of $55.02. KGHM Polska Miedz has a 52-week low of $29.97 and a 52-week high of $107.55.

KGHM Polska Miedz Company Profile

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.