Fresnillo plc (OTCMKTS:FNLPF) Short Interest Update

Fresnillo plc (OTCMKTS:FNLPF) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 507,000 shares, a decline of 6.8% from the September 15th total of 544,200 shares. Based on an average trading volume of 27,200 shares, the short-interest ratio is currently 18.6 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FNLPF shares. Canaccord Genuity Group upgraded Fresnillo to a “strong-buy” rating in a report on Thursday, August 8th. Berenberg Bank upgraded Fresnillo from a “strong sell” rating to a “hold” rating in a report on Friday, July 26th.

Fresnillo Trading Up 2.6 %

Shares of Fresnillo stock opened at $8.95 on Friday. Fresnillo has a twelve month low of $5.51 and a twelve month high of $8.95. The business’s fifty day moving average price is $7.62 and its 200 day moving average price is $7.46.

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.