Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Update

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 2,405 shares, a growth of 69.2% from the April 30th total of 1,421 shares. Based on an average daily volume of 7,445 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of research analysts have commented on ILKAY shares. Canaccord Genuity Group downgraded Iluka Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Citigroup downgraded Iluka Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Zacks Research upgraded Iluka Resources to a “hold” rating in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Iluka Resources Trading Down 3.2%

ILKAY opened at $28.32 on Thursday. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $22.86. Iluka Resources has a 52-week low of $11.45 and a 52-week high of $35.77.

About Iluka Resources

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.