Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 3,458 shares, a growth of 62.8% from the September 30th total of 2,124 shares. Based on an average trading volume of 3,108 shares, the short-interest ratio is presently 1.1 days.
Iluka Resources Price Performance
ILKAY traded up $0.95 during midday trading on Monday, reaching $21.45. 318 shares of the company were exchanged, compared to its average volume of 2,581. Iluka Resources has a one year low of $16.44 and a one year high of $32.01. The stock’s 50-day simple moving average is $21.56 and its 200 day simple moving average is $23.34.
About Iluka Resources
Iluka Resources Limited is an Australian mineral sands company that explores, develops and operates mines and processing facilities. Its principal products include zircon and titanium dioxide feedstocks, such as synthetic rutile and ilmenite, which are used in ceramics, pigments, coatings, plastics and other industrial applications.
The company’s operations and mineral resources are primarily located in Australia, with a history of international activities in mineral sands. Iluka has also developed the Eneabba mineral sands deposit in Western Australia as a potential source of monazite, a mineral containing rare earth elements.
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