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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 273,523 shares, a growth of 77.3% from the July 30th total of 154,286 shares. Based on an average daily volume of 301 shares, the short-interest ratio is currently 908.7 days.

Industrias Peñoles Stock Performance

IPOAF stock opened at $52.14 on Monday. The firm has a 50 day moving average price of $47.99 and a 200-day moving average price of $51.48. Industrias Peñoles has a 52-week low of $30.50 and a 52-week 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.