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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 52,797 shares, a drop of 92.8% from the May 14th total of 729,915 shares. Based on an average daily trading volume, of 1,020 shares, the short-interest ratio is currently 51.8 days.

Industrias Peñoles Stock Performance

IPOAF remained flat at $50.00 on Thursday. 61 shares of the company traded hands, compared to its average volume of 2,155. The stock’s 50 day simple moving average is $53.65 and its 200 day simple moving average is $53.31. Industrias Peñoles has a 52 week low of $23.42 and a 52 week high of $71.00.

Industrias Peñoles Company Profile

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.