Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Grows By ∞

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 400 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 91 shares, the short-interest ratio is presently 4.4 days.

Kenmare Resources Stock Performance

OTCMKTS:KMRPF opened at $2.50 on Tuesday. The firm has a 50-day simple moving average of $2.50 and a two-hundred day simple moving average of $2.88. Kenmare Resources has a fifty-two week low of $2.47 and a fifty-two week high of $4.49.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.