Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Down 25.0% in February

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 25.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 0.6 days.

Iluka Resources Stock Performance

Shares of ILKAY stock opened at $13.16 on Friday. The company’s 50-day simple moving average is $14.64 and its two-hundred day simple moving average is $17.79. Iluka Resources has a one year low of $12.89 and a one year high of $26.73.

Iluka Resources Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.1272 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Iluka Resources’s previous dividend of $0.11. Iluka Resources’s payout ratio is -407.68%.

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.