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

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

Fresnillo Stock Down 2.1 %

FNLPF stock traded down $0.26 during trading on Tuesday, reaching $12.12. The stock had a trading volume of 3,896 shares, compared to its average volume of 12,366. The company has a current ratio of 5.88, a quick ratio of 4.20 and a debt-to-equity ratio of 0.20. Fresnillo has a one year low of $5.98 and a one year high of $12.50. The company’s 50 day moving average is $10.19 and its two-hundred day moving average is $9.07.

Analysts Set New Price Targets

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

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.