Iluka Resources Limited (OTCMKTS:ILKAF) Sees Large Decline in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAF) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 3,718,831 shares, a decrease of 19.4% from the February 26th total of 4,612,570 shares. Based on an average daily volume of 22,653 shares, the days-to-cover ratio is presently 164.2 days.

Iluka Resources Stock Down 2.0%

Shares of OTCMKTS ILKAF opened at $4.36 on Tuesday. Iluka Resources has a twelve month low of $1.66 and a twelve month high of $7.54. The business has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.30.

About Iluka Resources

Iluka Resources is a leading global mineral sands company headquartered in Perth, Western Australia. The company specialises in the exploration, mining, processing and marketing of heavy mineral products, primarily ilmenite, rutile and zircon. These commodities are critical feedstocks for the manufacture of titanium dioxide pigments, ceramic tiles, welding rod coatings and various other industrial applications. Iluka also produces synthetic rutile and is involved in the recovery of rare earth elements as part of its resource development strategy.

Iluka’s operations are predominantly located in Australia, with large-scale mineral sands projects in South and Western Australia, including the Jacinth-Ambrosia and Eneabba deposits.