Iluka Resources Limited (OTCMKTS:ILKAY) Sees Large Drop in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 8,352 shares, a drop of 39.9% from the January 29th total of 13,887 shares. Based on an average daily volume of 5,198 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 5,198 shares, the short-interest ratio is currently 1.6 days.

Iluka Resources Stock Performance

Shares of OTCMKTS:ILKAY opened at $23.40 on Friday. The business has a fifty day moving average price of $20.46 and a 200-day moving average price of $21.26. Iluka Resources has a 1-year low of $9.08 and a 1-year 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.