Kenmare Resources plc (OTCMKTS:KMRPF) Short Interest Down 55.7% in February

Kenmare Resources plc (OTCMKTS:KMRPF) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 85 shares, a decrease of 55.7% from the February 12th total of 192 shares. Based on an average daily trading volume, of 667 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 667 shares, the days-to-cover ratio is presently 0.1 days.

Kenmare Resources Price Performance

OTCMKTS:KMRPF remained flat at $3.17 during mid-day trading on Friday. Kenmare Resources has a one year low of $3.00 and a one year high of $5.94. The company’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.69.

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.