Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Decreases By 73.3%

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 185 shares, a decline of 73.3% from the January 15th total of 692 shares. Based on an average trading volume of 1,825 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 1,825 shares, the days-to-cover ratio is currently 0.1 days.

Kenmare Resources Stock Performance

OTCMKTS:KMRPF remained flat at $3.51 during trading hours on Wednesday. Kenmare Resources has a twelve month low of $3.00 and a twelve month high of $5.94. The firm’s 50 day simple moving average is $3.42 and its two-hundred day simple moving average is $3.81.

About Kenmare Resources

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.