Iluka Resources Limited (OTCMKTS:ILKAY) Sees Significant Growth in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 24,200 shares, a growth of 3,933.3% from the September 30th total of 600 shares. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 37,200 shares, the short-interest ratio is presently 0.7 days.

Iluka Resources Trading Down 10.8%

Shares of OTCMKTS:ILKAY opened at $22.30 on Tuesday. The company’s fifty day moving average price is $22.47 and its 200 day moving average price is $17.15. Iluka Resources has a 12 month low of $9.08 and a 12 month high of $35.77.

Iluka Resources Announces Dividend

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

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.