Lundin Mining Co. (OTCMKTS:LUNMF) Short Interest Down 20.1% in January

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

Lundin Mining Price Performance

Shares of LUNMF traded down $0.01 during trading hours on Friday, reaching $8.70. The stock had a trading volume of 208,347 shares, compared to its average volume of 297,242. Lundin Mining has a 12 month low of $7.51 and a 12 month high of $13.26. The stock has a market capitalization of $7.55 billion, a PE ratio of 24.17, a PEG ratio of 0.36 and a beta of 1.46. 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 company’s 50-day moving average is $8.59 and its two-hundred day moving average is $9.42.

Lundin Mining Cuts Dividend

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