Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Update

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,400 shares, a decrease of 41.8% from the May 14th total of 2,405 shares. Based on an average daily volume of 4,386 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Iluka Resources to a “hold” rating in a report on Wednesday, April 15th. Canaccord Genuity Group lowered shares of Iluka Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Citigroup lowered shares of Iluka Resources from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Iluka Resources presently has a consensus rating of “Hold”.

Iluka Resources Price Performance

Shares of ILKAY remained flat at $26.93 during trading hours on Monday. 48 shares of the stock were exchanged, compared to its average volume of 2,772. Iluka Resources has a 12-month low of $11.45 and a 12-month high of $35.77. The stock has a 50-day simple moving average of $27.33 and a two-hundred day simple moving average of $23.11.

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.