Short Interest in Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Drops By 47.5%

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 27,710 shares, a drop of 47.5% from the May 31st total of 52,797 shares. Based on an average daily volume of 736 shares, the short-interest ratio is presently 37.6 days.

Industrias Peñoles Stock Performance

OTCMKTS:IPOAF opened at $45.54 on Tuesday. Industrias Peñoles has a 12 month low of $25.00 and a 12 month high of $71.00. The business’s 50-day moving average is $52.75 and its 200 day moving average is $53.77.

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.