Iluka Resources Limited (OTCMKTS:ILKAY) Sees Large Growth in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 400 shares, an increase of 100.0% from the November 15th total of 200 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 4.0 days.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upgraded Iluka Resources to a “hold” rating in a report on Wednesday, August 28th.

Iluka Resources Price Performance

OTCMKTS ILKAY remained flat at $16.36 during trading hours on Friday. The company’s stock had a trading volume of 20 shares, compared to its average volume of 427. The company’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $20.56. Iluka Resources has a 12 month low of $16.00 and a 12 month high of $26.73.

About Iluka Resources

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.