Short Interest in Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Grows By 1,496.3%

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 975,061 shares, an increase of 1,496.3% from the March 31st total of 61,083 shares. Based on an average daily trading volume, of 785 shares, the days-to-cover ratio is currently 1,242.1 days.

Industrias Peñoles Stock Performance

Shares of OTCMKTS IPOAF opened at $55.10 on Friday. The business’s 50 day moving average price is $52.56 and its 200-day moving average price is $50.22. Industrias Peñoles has a fifty-two week low of $19.50 and a fifty-two 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.