Fresnillo plc (OTCMKTS:FNLPF) Short Interest Down 22.3% in March

Fresnillo plc (OTCMKTS:FNLPF - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 171,700 shares, a drop of 22.3% from the February 28th total of 221,000 shares. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is presently 4.6 days. Approximately 0.0% of the shares of the stock are short sold.

Fresnillo Price Performance

OTCMKTS FNLPF traded down $0.10 during trading hours on Friday, hitting $12.00. 5,066 shares of the company's stock traded hands, compared to its average volume of 11,986. The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average is $10.41 and its 200-day moving average is $9.14. Fresnillo has a 52-week low of $6.50 and a 52-week high of $12.50.

Analysts Set New Price Targets

FNLPF has been the subject of several research analyst reports. Berenberg Bank upgraded shares of Fresnillo from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Royal Bank of Canada lowered Fresnillo from a "moderate buy" rating to a "hold" rating in a report on Thursday, March 13th.

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.

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