Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Drops By 25.3%

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 6,242 shares, a drop of 25.3% from the February 12th total of 8,352 shares. Based on an average trading volume of 2,926 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 2,926 shares, the days-to-cover ratio is presently 2.1 days.

Iluka Resources Price Performance

Shares of ILKAY stock traded down $2.08 during trading hours on Friday, hitting $22.02. 1,409 shares of the company’s stock traded hands, compared to its average volume of 2,638. The stock’s fifty day simple moving average is $21.10 and its two-hundred day simple moving average is $21.37. Iluka Resources has a 12-month low of $9.08 and a 12-month high of $35.77.

Iluka Resources Company Profile

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.