Fresnillo plc (OTCMKTS:FNLPF) Sees Significant Increase in Short Interest

Fresnillo plc (OTCMKTS:FNLPF - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,004,600 shares, an increase of 2,338.3% from the March 31st total of 41,200 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 19,400 shares, the short-interest ratio is currently 51.8 days.

Fresnillo Stock Performance

Shares of FNLPF traded down $0.19 during mid-day trading on Wednesday, hitting $13.48. 1,084 shares of the company's stock traded hands, compared to its average volume of 12,558. The business's 50-day moving average price is $11.77 and its 200-day moving average price is $9.77. Fresnillo has a 1 year low of $6.50 and a 1 year high of $14.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.88 and a quick ratio of 4.20.

Wall Street Analyst Weigh In

FNLPF has been the topic of several analyst reports. Peel Hunt raised shares of Fresnillo from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 11th. Berenberg Bank raised shares of 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 research note on Thursday, March 13th.

About Fresnillo

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.