Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Sees Large Decrease in Short Interest
by Tristan Rich · The Markets DailyIndustrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 92,430 shares, a drop of 69.3% from the August 31st total of 301,235 shares. Based on an average trading volume of 469 shares, the short-interest ratio is currently 197.1 days.
Industrias Peñoles Price Performance
IPOAF stock remained flat at $50.55 during midday trading on Friday. The company’s stock had a trading volume of 45 shares, compared to its average volume of 1,800. The business has a 50-day moving average of $50.96 and a 200 day moving average of $50.67. Industrias Peñoles has a 52 week low of $37.48 and a 52 week high of $71.00.
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.