Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Expands By 1,909.7%

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 13,887 shares, an increase of 1,909.7% from the January 15th total of 691 shares. Based on an average trading volume of 9,296 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 9,296 shares, the short-interest ratio is currently 1.5 days.

Iluka Resources Stock Performance

ILKAY traded up $1.34 during midday trading on Tuesday, reaching $18.93. 386 shares of the company’s stock were exchanged, compared to its average volume of 3,609. The business’s 50-day moving average price is $20.38 and its 200 day moving average price is $21.12. Iluka Resources has a 1-year low of $9.08 and a 1-year high of $35.77.

Iluka Resources Company Profile

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.