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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 273,523 shares, an increase of 77.3% from the July 30th total of 154,286 shares. Based on an average trading volume of 301 shares, the days-to-cover ratio is currently 908.7 days.

Industrias Peñoles Price Performance

Shares of IPOAF stock opened at $52.14 on Monday. The stock has a fifty day moving average of $47.99 and a 200 day moving average of $51.48. Industrias Peñoles has a 52 week low of $30.50 and a 52 week high of $71.00.

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.