Iluka Resources Limited (OTCMKTS:ILKAY) Shares Shorted: Short Interest Up 62.8% in October

Iluka Resources Limited (OTCMKTS:ILKAY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,458 shares, an increase of 62.8% from the September 30th total of 2,124 shares. Based on an average daily volume of 3,108 shares, the short-interest ratio is presently 1.1 days.

Iluka Resources Trading Up 4.6%

Shares of OTCMKTS ILKAY traded up $0.95 during midday trading on Monday, reaching $21.45. 318 shares of the stock were exchanged, compared to its average volume of 2,581. The business has a 50-day simple moving average of $21.56 and a two-hundred day simple moving average of $23.34. Iluka Resources has a 12 month low of $16.44 and a 12 month high of $32.01.

Iluka Resources Company Profile

Iluka Resources Limited is an Australian mineral sands company that explores, develops and operates mines and processing facilities. Its principal products include zircon and titanium dioxide feedstocks, such as synthetic rutile and ilmenite, which are used in ceramics, pigments, coatings, plastics and other industrial applications.

The company’s operations and mineral resources are primarily located in Australia, with a history of international activities in mineral sands. Iluka has also developed the Eneabba mineral sands deposit in Western Australia as a potential source of monazite, a mineral containing rare earth elements.