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

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 600 shares, a drop of 60.0% from the December 31st total of 1,500 shares. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.7 days.

Iluka Resources Stock Performance

Shares of ILKAY stock remained flat at $14.99 during midday trading on Wednesday. 12 shares of the company’s stock were exchanged, compared to its average volume of 373. Iluka Resources has a one year low of $14.99 and a one year high of $26.73. The business has a 50 day simple moving average of $16.42 and a 200 day simple moving average of $19.08.

Iluka Resources Company Profile

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.