Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Drops By 36.0%

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, a decline of 36.0% from the February 28th total of 2,500 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 1.5 days.

Kenmare Resources Stock Performance

Kenmare Resources stock traded down $0.60 during mid-day trading on Monday, hitting $5.34. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 1,150. The company has a 50 day moving average of $4.43 and a 200-day moving average of $4.36. Kenmare Resources has a one year low of $3.79 and a one year high of $5.94.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.