Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Down 64.8% in April

Iluka Resources Limited (OTCMKTS:ILKAY) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,421 shares, a decline of 64.8% from the April 15th total of 4,036 shares. Based on an average daily volume of 8,785 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of research analysts have commented on ILKAY shares. Zacks Research upgraded shares of Iluka Resources to a “hold” rating in a research note on Wednesday, April 15th. Canaccord Genuity Group lowered shares of Iluka Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Citigroup lowered shares of Iluka Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Iluka Resources has an average rating of “Hold”.

Iluka Resources Trading Down 1.0%

Shares of Iluka Resources stock traded down $0.31 on Thursday, reaching $30.57. 989 shares of the stock were exchanged, compared to its average volume of 2,779. Iluka Resources has a 1-year low of $11.45 and a 1-year high of $35.77. The business has a fifty day moving average price of $24.89 and a two-hundred day moving average price of $22.17.

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.