Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Shares Shorted: Short Interest Down 39.8% in September

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 55,627 shares, a decrease of 39.8% from the September 15th total of 92,430 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 278.1 days.

Industrias Peñoles Price Performance

Industrias Peñoles stock remained flat at $47.17 during trading hours on Friday. The company’s stock had a trading volume of 130 shares, compared to its average volume of 1,735. The firm has a 50 day moving average price of $51.63 and a 200-day moving average price of $50.80. Industrias Peñoles has a 52-week low of $37.48 and a 52-week high of $71.00.

Industrias Peñoles Company Profile

Industrias Peñoles, SAB. de C.V. is a Mexico-based mining and metals company and a member of Grupo BAL. Founded in 1887, the company is involved in the exploration, extraction, processing, smelting and refining of nonferrous minerals. Its activities span the mining value chain, from mineral exploration and mine development to the production of refined metals and chemical products.

Peñoles produces and processes precious and base metals, including silver, gold, lead, zinc and copper. Its operations also include metallurgical facilities, refineries and chemical plants that manufacture products such as sulfuric acid and other industrial chemicals derived from its mining and smelting activities.