Kenmare Resources plc (OTCMKTS:KMRPF) Short Interest Down 21.7% in December

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,035 shares, a drop of 21.7% from the November 30th total of 1,321 shares. Based on an average daily trading volume, of 865 shares, the short-interest ratio is presently 1.2 days. Based on an average daily trading volume, of 865 shares, the short-interest ratio is presently 1.2 days.

Kenmare Resources Trading Up 0.9%

KMRPF traded up $0.03 during trading hours on Tuesday, reaching $3.33. The company’s stock had a trading volume of 2,100 shares, compared to its average volume of 3,088. Kenmare Resources has a fifty-two week low of $3.00 and a fifty-two week high of $5.94. The business’s 50-day moving average is $3.42 and its 200-day moving average is $4.04.

About Kenmare Resources

Kenmare Resources plc is an Ireland?based mining company primarily engaged in the extraction and processing of titanium?bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth?bearing mineral sands deposits globally. Kenmare’s primary products include high?grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid?2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose?built rail link, and modern shipping facilities.