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

Iluka Resources Limited (OTCMKTS:ILKAF) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,446,300 shares, a decrease of 16.6% from the January 15th total of 2,933,500 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is presently 1,359.1 days.

Iluka Resources Stock Performance

Shares of ILKAF remained flat at $3.14 during midday trading on Monday. Iluka Resources has a 1-year low of $2.81 and a 1-year high of $5.41. The firm has a 50-day moving average of $3.17 and a 200-day moving average of $3.57.

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.