Short Interest in Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Drops By 96.4%

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 61,083 shares, a decrease of 96.4% from the March 15th total of 1,699,878 shares. Based on an average daily trading volume, of 2,594 shares, the days-to-cover ratio is currently 23.5 days.

Industrias Peñoles Stock Performance

IPOAF stock traded down $2.95 during midday trading on Friday, reaching $53.25. The company’s stock had a trading volume of 266 shares, compared to its average volume of 2,860. Industrias Peñoles has a 1 year low of $16.02 and a 1 year high of $71.00. The stock has a fifty day simple moving average of $53.79 and a two-hundred day simple moving average of $49.19.

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.