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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 26,473 shares, a decline of 98.5% from the January 29th total of 1,771,925 shares. Based on an average daily volume of 8,550 shares, the days-to-cover ratio is currently 3.1 days. Based on an average daily volume of 8,550 shares, the days-to-cover ratio is currently 3.1 days.

Industrias Peñoles Stock Performance

Shares of Industrias Peñoles stock opened at $57.59 on Friday. Industrias Peñoles has a 1-year low of $14.11 and a 1-year high of $71.00. The firm has a fifty day simple moving average of $58.72 and a 200-day simple moving average of $46.07.

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.