Short Interest in Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) Declines By 62.9%

Industrias Peñoles, S.A.B. de C.V. (OTCMKTS:IPOAF) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 646,000 shares, a drop of 62.9% from the January 31st total of 1,741,300 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 239.3 days.

Industrias Peñoles Trading Down 9.0 %

Shares of IPOAF traded down $1.39 during mid-day trading on Friday, reaching $14.11. The company had a trading volume of 1,000 shares, compared to its average volume of 1,767. The company’s 50 day simple moving average is $13.96 and its 200 day simple moving average is $13.99. Industrias Peñoles has a 1-year low of $11.43 and a 1-year high of $20.30.

Industrias Peñoles Company Profile

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