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

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

Industrias Peñoles Stock Performance

IPOAF stock remained flat at $55.10 during trading on Friday. 16 shares of the company’s stock were exchanged, compared to its average volume of 2,585. Industrias Peñoles has a twelve month low of $19.50 and a twelve month high of $71.00. The stock has a 50 day moving average price of $52.69 and a 200 day moving average price of $50.07.

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.