Lundin Energy AB (publ) (OTCMKTS:LNDNF) Sees Large Increase in Short Interest

Lundin Energy AB (publ) (OTCMKTS:LNDNF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 546,300 shares, a growth of 131.5% from the August 15th total of 236,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 5,463.0 days.

A number of brokerages have issued reports on LNDNF. Societe Generale restated a “sell” rating on shares of Lundin Energy AB (publ) in a research report on Friday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Lundin Energy AB (publ) in a report on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Lundin Energy AB (publ) in a research report on Tuesday, June 15th. Scotiabank restated a “sector perform” rating on shares of Lundin Energy AB (publ) in a report on Thursday, July 15th. Finally, Barclays reaffirmed an “overweight” rating on shares of Lundin Energy AB (publ) in a research note on Friday, July 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $340.00.

LNDNF opened at $33.48 on Friday. The business’s 50 day moving average is $31.08 and its 200-day moving average is $32.78. Lundin Energy AB has a twelve month low of $18.72 and a twelve month high of $36.61.

About Lundin Energy AB (publ)

Lundin Energy AB is an independent oil and gas exploration and production company. It explores, develops and produces oil and gas, and develops other energy resources. The company was founded in May 2001 and is headquartered in Stockholm, Sweden.

Featured Article: Why are percentage gainers important?

Receive News & Ratings for Lundin Energy AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lundin Energy AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.