Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Update

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 200 shares, an increase of 100.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Iluka Resources to a “hold” rating in a research note on Wednesday, August 28th.

Iluka Resources Price Performance

Shares of ILKAY remained flat at $17.61 during mid-day trading on Thursday. 1 shares of the stock were exchanged, compared to its average volume of 427. Iluka Resources has a 12-month low of $17.36 and a 12-month high of $26.73. The business has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $21.34.

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.