Markets
UBS
@ubs
Shorted BDNNY
Shares
up 2.78%
At 64.66, Exited 62.86
Given Boliden's strong Q3 2024 results and the increasing demand for copper driven by electrification, I believe that despite the bullish outlook for ...
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Thesis
Given Boliden's strong Q3 2024 results and the increasing demand for copper driven by electrification, I believe that despite the bullish outlook for copper, the delay in the Odda zinc smelter expansion may impact short-term production, making BDNNY a strong candidate for a short position.
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Barclays
@barclays
Shorted BDNNY
Shares
-0.0%
At 62.62, Exited 62.62
Given the recent news surrounding Boliden's delays and increased costs in the Odda expansion project, I foresee a decline in BDNNY's stock value. Coup...
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Thesis
Given the recent news surrounding Boliden's delays and increased costs in the Odda expansion project, I foresee a decline in BDNNY's stock value. Coupled with bearish sentiment in the copper market despite bullish forecasts from hedge funds, I believe this presents a strong case for a short position.
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