Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 200 shares, an increase of 100.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 2.0 days.
Iluka Resources Price Performance
OTCMKTS ILKAY remained flat at $17.61 during trading hours on Friday. Iluka Resources has a one year low of $17.36 and a one year high of $26.73. The firm has a fifty day moving average of $21.20 and a 200 day moving average of $21.25.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group upgraded shares of Iluka Resources to a “hold” rating in a research report on Wednesday, August 28th.
About Iluka Resources
Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.
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