Kenmare Resources plc (OTCMKTS:KMRPF) Sees Large Drop in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,600 shares, a decrease of 39.0% from the January 15th total of 5,900 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 36.0 days.

Kenmare Resources Price Performance

OTCMKTS:KMRPF opened at $3.79 on Friday. Kenmare Resources has a 1-year low of $3.79 and a 1-year high of $4.70. The firm has a fifty day simple moving average of $3.98 and a 200 day simple moving average of $4.25.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.