Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Decreases By 90.6%

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 8 shares, a decline of 90.6% from the June 15th total of 85 shares. Based on an average daily trading volume, of 350 shares, the short-interest ratio is presently 0.0 days.

Kenmare Resources Price Performance

OTCMKTS KMRPF remained flat at $2.58 during trading hours on Friday. Kenmare Resources has a 12 month low of $2.55 and a 12 month high of $4.51. The stock’s 50 day simple moving average is $3.02 and its two-hundred day simple moving average is $3.20.

About Kenmare Resources

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.