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) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 55,627 shares, a decline 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 Stock Performance

OTCMKTS IPOAF remained flat at $47.17 during trading hours on Friday. The company had a trading volume of 10 shares, compared to its average volume of 1,735. Industrias Peñoles has a one year low of $37.48 and a one year high of $71.00. The business’s 50-day moving average is $51.53 and its 200-day moving average is $50.78.

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.