Short Interest in Fresnillo plc (OTCMKTS:FNLPF) Increases By 2,338.3%

Fresnillo plc (OTCMKTS:FNLPF - Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,004,600 shares, a growth of 2,338.3% from the March 31st total of 41,200 shares. Based on an average daily volume of 19,400 shares, the days-to-cover ratio is presently 51.8 days. Currently, 0.1% of the shares of the stock are short sold.

Fresnillo Stock Performance

Shares of Fresnillo stock traded down $0.78 on Friday, hitting $12.83. 17,168 shares of the company's stock traded hands, compared to its average volume of 12,941. The firm's 50-day moving average price is $11.61 and its two-hundred day moving average price is $9.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.20 and a current ratio of 5.88. Fresnillo has a one year low of $6.50 and a one year high of $14.45.

Analyst Upgrades and Downgrades

FNLPF has been the subject of several research analyst reports. Peel Hunt upgraded shares of Fresnillo from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 11th. Berenberg Bank raised Fresnillo from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 7th. Finally, Royal Bank of Canada cut 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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