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

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF – Get Rating) saw a large decrease in short interest in May. As of May 31st, there was short interest totalling 301,400 shares, a decrease of 16.0% from the May 15th total of 358,800 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is presently 73.5 days.

IPOAF stock opened at $11.00 on Friday. Industrias Peñoles has a 12-month low of $9.40 and a 12-month high of $15.02. The company has a 50 day moving average of $11.16 and a two-hundred day moving average of $11.68.

About Industrias Peñoles (Get Rating)

Industrias Peñoles, SAB. de C.V., together with its subsidiaries, engages in the exploration, extraction, and sale of mineral concentrates and ores in Mexico, Asia, Europe, the United States, Canada, South America, and internationally. It operates through Precious Metal Mines, Base Metal Mines, Metallurgical, and Other segments.

Read More