Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Sees Significant Growth in Short Interest

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 1,771,925 shares, a growth of 31.8% from the January 15th total of 1,344,713 shares. Based on an average daily volume of 5,621 shares, the short-interest ratio is presently 315.2 days. Based on an average daily volume of 5,621 shares, the short-interest ratio is presently 315.2 days.

Industrias Peñoles Stock Performance

Shares of IPOAF stock opened at $61.44 on Monday. The business has a fifty day moving average of $55.82 and a 200 day moving average of $44.30. Industrias Peñoles has a 1 year low of $14.11 and a 1 year high of $71.00.

Industrias Peñoles Company Profile

Industrias Peñoles, SAB. de C.V. (OTCMKTS: IPOAF) is a Mexico-based mining and metals company specializing in the exploration, extraction and processing of non-ferrous metals. The company’s core activities encompass the mining of silver, gold, copper, zinc and lead ores, as well as the operation of smelting and refining facilities that produce high-purity metals for industrial and commercial markets worldwide. Peñoles is widely recognized as one of the largest primary silver producers globally and maintains integrated production capabilities from mine to market.

Peñoles operates a diversified portfolio of mines and metallurgical complexes largely concentrated in Mexico, with additional exploration projects and partnerships in Latin America.