Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Declines By 21.7%

Kenmare Resources plc (OTCMKTS:KMRPF) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,035 shares, a decrease of 21.7% from the November 30th total of 1,321 shares. Based on an average daily volume of 865 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 865 shares, the days-to-cover ratio is presently 1.2 days.

Kenmare Resources Price Performance

Shares of Kenmare Resources stock traded up $0.03 during trading hours on Tuesday, reaching $3.33. 2,100 shares of the company’s stock were exchanged, compared to its average volume of 3,088. The business has a fifty day moving average of $3.42 and a two-hundred day moving average of $4.04. Kenmare Resources has a 1 year low of $3.00 and a 1 year high of $5.94.

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.