Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Update

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 11,300 shares, agrowthof2,160.0% from the July 31st total of 500 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 1.4 days.

Iluka Resources Stock Up 2.2%

ILKAY stock opened at $20.92 on Wednesday. The stock’s 50 day moving average price is $17.31 and its 200 day moving average price is $14.43. Iluka Resources has a 1 year low of $9.08 and a 1 year high of $24.39.

Iluka Resources Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 4th will be given a $0.0515 dividend. This represents a dividend yield of 74.0%. The ex-dividend date is Wednesday, September 3rd. Iluka Resources’s dividend payout ratio is currently -203.84%.

Iluka Resources Company Profile

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.