Fresnillo plc (OTCMKTS:FNLPF) Sees Large Decline in Short Interest

Fresnillo plc (OTCMKTS:FNLPF) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 413,800 shares, a decrease of 8.2% from the October 31st total of 450,600 shares. Based on an average daily trading volume, of 26,300 shares, the short-interest ratio is presently 15.7 days.

Fresnillo Stock Down 1.3 %

Shares of FNLPF stock traded down $0.11 during trading on Tuesday, reaching $8.11. The company had a trading volume of 4,371 shares, compared to its average volume of 10,106. Fresnillo has a one year low of $5.51 and a one year high of $10.25. The firm’s 50 day simple moving average is $8.76 and its two-hundred day simple moving average is $7.86.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Fresnillo to a “strong-buy” rating in a research report on Thursday, August 8th.

Fresnillo Company Profile

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.