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 – Get Rating) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 420,700 shares, an increase of 23.0% from the February 13th total of 342,100 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 247.5 days.

Industrias Peñoles Stock Performance

Shares of OTCMKTS IPOAF opened at $12.05 on Wednesday. Industrias Peñoles has a 52 week low of $7.38 and a 52 week high of $15.81. The firm has a 50-day moving average price of $13.81 and a 200 day moving average price of $12.50.

Industrias Peñoles Company Profile

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Industrias Peñoles SAB de CV engages in the exploration, extraction, refining, and sale of non-ferrous metals. It operates through the following segments: Precious Metals, Base Metals, Metallurgical, and Others. The Precious Metals segment groups the mining unites where silver and gold concentrates and doré are extracted and processed.