Fresnillo plc (OTCMKTS:FNLPF) Short Interest Update

Fresnillo plc (OTCMKTS:FNLPF) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 435,900 shares, a decrease of 14.0% from the September 30th total of 507,000 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is presently 24.2 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on FNLPF shares. Canaccord Genuity Group upgraded shares of Fresnillo to a “strong-buy” rating in a report on Thursday, August 8th. Berenberg Bank upgraded shares of Fresnillo from a “strong sell” rating to a “hold” rating in a research note on Friday, July 26th.

Fresnillo Stock Performance

OTCMKTS FNLPF traded up $0.03 during mid-day trading on Tuesday, hitting $9.84. The stock had a trading volume of 5,250 shares, compared to its average volume of 11,975. The company has a 50 day simple moving average of $8.03 and a 200 day simple moving average of $7.61. Fresnillo has a 52-week low of $5.51 and a 52-week high of $10.25.

About Fresnillo

Fresnillo plc mines, develops, and produces non-ferrous minerals in Mexico. It operates through seven segments: Fresnillo, Saucito, Ciénega, Herradura, Noche Buena, San Julián, and Juanicipio. The company primarily explores for silver, gold, lead, and zinc concentrates. Its projects include the Fresnillo silver mine located in the state of Zacatecas; Saucito silver mine situated in the state of Zacatecas; Ciénega gold mine located in the state of Durango; Herradura gold mine situated in the state of Sonora; Noche Buena gold mine located in the state of Sonora; San Julián silver-gold mine situated on the border of Chihuahua/Durango states; and Juanicipio mine located in the state of Zacatecas.