Short Interest in Fresnillo plc (OTCMKTS:FNLPF) Drops By 6.8%

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Berenberg Bank raised shares of 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 research note on Thursday, August 8th.

Fresnillo Stock Performance

OTCMKTS FNLPF opened at $8.72 on Thursday. Fresnillo has a 1-year low of $5.51 and a 1-year high of $8.90. The business has a 50 day simple moving average of $7.57 and a two-hundred day simple moving average of $7.45.

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.