Short Interest in Fresnillo plc (OTCMKTS:FNLPF) Decreases By 22.3%

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Berenberg Bank raised shares of Fresnillo from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Royal Bank of Canada downgraded Fresnillo from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th.

Fresnillo Trading Down 1.4 %

FNLPF stock traded down $0.17 during mid-day trading on Monday, reaching $12.12. 13,488 shares of the company traded hands, compared to its average volume of 12,461. The company has a fifty day moving average price of $10.11 and a 200-day moving average price of $9.03. Fresnillo has a 52-week low of $5.98 and a 52-week high of $12.50. The company has a quick ratio of 4.20, a current ratio of 5.88 and a debt-to-equity ratio of 0.20.

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.