Iluka Resources Limited (OTCMKTS:ILKAY) Sees Large Increase in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, a growth of 433.3% from the February 28th total of 300 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 2.7 days.

Iluka Resources Stock Performance

Shares of ILKAY stock remained flat at $13.49 during mid-day trading on Thursday. 36 shares of the stock traded hands, compared to its average volume of 433. The company has a fifty day simple moving average of $14.12 and a 200-day simple moving average of $17.42. Iluka Resources has a one year low of $12.50 and a one year high of $26.73.

Iluka Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.1272 per share. This is a boost from Iluka Resources’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 5th. Iluka Resources’s payout ratio is presently -407.68%.

Iluka Resources Company Profile

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.