Iluka Resources Limited (OTCMKTS:ILKAF) Short Interest Down 16.6% in January

Iluka Resources Limited (OTCMKTS:ILKAF) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 2,446,300 shares, a drop of 16.6% from the January 15th total of 2,933,500 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is currently 1,359.1 days.

Iluka Resources Stock Performance

ILKAF remained flat at $3.14 during trading on Monday. The firm’s fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $3.57. Iluka Resources has a twelve month low of $2.81 and a twelve month high of $5.41.

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.