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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 185,131 shares, an increase of 953.4% from the June 30th total of 17,575 shares. Based on an average daily trading volume, of 634 shares, the days-to-cover ratio is presently 292.0 days.

Industrias Peñoles Stock Performance

Shares of IPOAF stock opened at $46.44 on Friday. Industrias Peñoles has a fifty-two week low of $25.00 and a fifty-two week high of $71.00. The stock’s 50-day simple moving average is $49.09 and its 200-day simple moving average is $53.30.

About Industrias Peñoles

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.