Fresnillo plc (OTCMKTS:FNLPF) Short Interest Down 8.2% in November

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

Fresnillo Stock Up 2.2 %

Shares of Fresnillo stock opened at $8.29 on Wednesday. The business has a 50-day simple moving average of $8.76 and a 200 day simple moving average of $7.86. Fresnillo has a one year low of $5.51 and a one year high of $10.25.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of Fresnillo to a “strong-buy” rating in a 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.