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

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

Iluka Resources Stock Performance

Iluka Resources stock remained flat at $3.14 on Monday. The business has a fifty day simple moving average of $3.17 and a two-hundred day simple moving average of $3.57. Iluka Resources has a fifty-two week low of $2.81 and a fifty-two week high of $5.41.

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.