Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Up 137.1% in December

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 664 shares, an increase of 137.1% from the November 30th total of 280 shares. Based on an average daily volume of 3,052 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 3,052 shares, the days-to-cover ratio is presently 0.2 days.

Iluka Resources Stock Performance

ILKAY traded up $0.15 during trading on Friday, reaching $19.34. The company had a trading volume of 2,629 shares, compared to its average volume of 4,212. Iluka Resources has a 12 month low of $9.08 and a 12 month high of $35.77. The business’s fifty day moving average price is $21.01 and its 200 day moving average price is $19.51.

About Iluka Resources

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.