Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Rises By 433.3%

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 433.3% from the February 28th total of 300 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 2.7 days.

Iluka Resources Price Performance

OTCMKTS:ILKAY remained flat at $13.49 during trading hours on Friday. 63 shares of the company’s stock traded hands, compared to its average volume of 433. The business’s fifty day simple moving average is $14.06 and its 200 day simple moving average is $17.39. Iluka Resources has a 52 week low of $12.50 and a 52 week high of $26.73.

Iluka Resources Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Wednesday, March 5th will be paid a $0.1272 dividend. This is an increase from Iluka Resources’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 5th. Iluka Resources’s dividend payout ratio is currently -407.68%.

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.