Short Interest in Fresnillo plc (OTCMKTS:FNLPF) Decreases By 14.0%

Fresnillo plc (OTCMKTS:FNLPF - Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 435,900 shares, a drop of 14.0% from the September 30th total of 507,000 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 24.2 days.

Wall Street Analyst Weigh In

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

Fresnillo Trading Up 1.2 %

Shares of Fresnillo stock traded up $0.12 during trading hours on Tuesday, hitting $9.96. 5,942 shares of the company's stock traded hands, compared to its average volume of 11,945. Fresnillo has a 12-month low of $5.51 and a 12-month high of $10.25. The company has a fifty day simple moving average of $8.03 and a 200-day simple moving average of $7.61.

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.