Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Down 69.7% in December

Iluka Resources Limited (OTCMKTS:ILKAY) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 200 shares, a decline of 69.7% from the December 15th total of 659 shares. Based on an average daily volume of 3,742 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 3,742 shares, the days-to-cover ratio is currently 0.1 days.

Iluka Resources Stock Performance

Shares of OTCMKTS:ILKAY traded down $0.03 during midday trading on Thursday, reaching $22.88. The company’s stock had a trading volume of 977 shares, compared to its average volume of 2,528. The business’s fifty day simple moving average is $20.49 and its 200-day simple moving average is $20.29. Iluka Resources has a fifty-two week low of $9.08 and a fifty-two week high of $35.77.

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.