Short Interest in Lundin Mining Co. (OTCMKTS:LUNMF) Decreases By 20.1%

Lundin Mining Co. (OTCMKTS:LUNMF) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 20,243,300 shares, a drop of 20.1% from the January 15th total of 25,324,400 shares. Based on an average trading volume of 398,300 shares, the days-to-cover ratio is currently 50.8 days.

Lundin Mining Price Performance

Lundin Mining stock traded down $0.01 during mid-day trading on Friday, hitting $8.70. 208,347 shares of the company traded hands, compared to its average volume of 297,242. Lundin Mining has a one year low of $7.51 and a one year high of $13.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.96 and a current ratio of 1.40. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 24.17, a price-to-earnings-growth ratio of 0.36 and a beta of 1.46. The stock has a fifty day moving average price of $8.59 and a 200-day moving average price of $9.42.

Lundin Mining Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.0647 per share. This represents a yield of 2.56%. The ex-dividend date was Friday, November 29th. Lundin Mining’s dividend payout ratio (DPR) is currently 75.00%.

About Lundin Mining

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, Brazil, the United States, Portugal, Sweden, and Argentina. It primarily produces copper, zinc, gold, nickel, and molybdenum, as well as lead, silver, and other metals.