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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,699,878 shares, a growth of 7,189.4% from the February 26th total of 23,320 shares. Based on an average daily volume of 5,471 shares, the days-to-cover ratio is presently 310.7 days. Based on an average daily volume of 5,471 shares, the days-to-cover ratio is presently 310.7 days.

Industrias Peñoles Stock Down 2.5%

Shares of OTCMKTS IPOAF opened at $43.70 on Wednesday. Industrias Peñoles has a 1 year low of $15.92 and a 1 year high of $71.00. The firm’s 50-day moving average is $57.83 and its 200-day moving average is $48.86.

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.