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

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 664 shares, an increase of 137.1% from the November 30th total of 280 shares. Based on an average trading volume of 3,052 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 3,052 shares, the short-interest ratio is currently 0.2 days.

Iluka Resources Price Performance

Shares of OTCMKTS:ILKAY traded up $0.64 during midday trading on Friday, hitting $19.25. The stock had a trading volume of 309 shares, compared to its average volume of 4,221. Iluka Resources has a 12 month low of $9.08 and a 12 month high of $35.77. The business’s 50-day simple moving average is $21.13 and its 200-day simple moving average is $19.42.

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.