Iluka Resources Limited (OTCMKTS:ILKAY) Sees Significant Growth in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 400 shares, a growth of 100.0% from the November 15th total of 200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 4.0 days.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of Iluka Resources to a “hold” rating in a report on Wednesday, August 28th.

Iluka Resources Stock Up 2.3 %

Iluka Resources stock traded up $0.36 during midday trading on Thursday, hitting $16.36. 719 shares of the stock were exchanged, compared to its average volume of 427. Iluka Resources has a 52-week low of $16.00 and a 52-week high of $26.73. The business’s 50-day moving average price is $20.25 and its 200-day moving average price is $20.64.

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.