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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 92,430 shares, a decrease of 69.3% from the August 31st total of 301,235 shares. Based on an average daily volume of 469 shares, the days-to-cover ratio is currently 197.1 days.

Industrias Peñoles Stock Performance

OTCMKTS:IPOAF remained flat at $50.55 during mid-day trading on Friday. The company had a trading volume of 45 shares, compared to its average volume of 1,800. Industrias Peñoles has a fifty-two week low of $37.48 and a fifty-two week high of $71.00. The business has a fifty day simple moving average of $50.96 and a 200 day simple moving average of $50.67.

About Industrias Peñoles

Industrias Peñoles, SAB. de C.V. is a Mexico-based mining and metals company engaged in the exploration, development, extraction, processing and refining of mineral resources. Its principal products include silver, gold, zinc, lead and copper, along with related metal concentrates and refined materials.

The company operates an integrated platform that spans mining, metallurgical processing and chemical production. Its activities include the operation of mines and processing facilities, the production of refined precious and base metals, and the manufacture of inorganic chemicals used in industrial applications.