Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 400 shares, a decrease of 75.0% from the March 15th total of 1,600 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 1.0 days.
Iluka Resources Stock Performance
OTCMKTS ILKAY opened at $11.90 on Thursday. Iluka Resources has a 12 month low of $9.08 and a 12 month high of $26.73. The company’s 50-day moving average price is $12.88 and its 200-day moving average price is $16.48.
Iluka Resources Increases Dividend
The company also recently disclosed a dividend, which was paid on Monday, April 14th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.1272 per share. This is an increase from Iluka Resources’s previous dividend of $0.11. The ex-dividend date was Wednesday, March 5th. Iluka Resources’s dividend payout ratio (DPR) is presently -407.68%.
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.
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