Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Decreases By 39.9%

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 8,352 shares, a drop of 39.9% from the January 29th total of 13,887 shares. Based on an average trading volume of 5,198 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 5,198 shares, the short-interest ratio is presently 1.6 days.

Iluka Resources Trading Up 8.7%

Shares of OTCMKTS ILKAY opened at $23.40 on Friday. Iluka Resources has a 12-month low of $9.08 and a 12-month high of $35.77. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $21.27.

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.