Kenmare Resources plc (OTCMKTS:KMRPF) Sees Large Growth in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 400 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 91 shares, the days-to-cover ratio is currently 4.4 days.

Kenmare Resources Price Performance

KMRPF stock remained flat at $2.50 on Wednesday. 264,473 shares of the company traded hands, compared to its average volume of 1,696. Kenmare Resources has a fifty-two week low of $2.47 and a fifty-two week high of $4.49. The stock’s fifty day moving average is $2.50 and its two-hundred day moving average is $2.87.

About Kenmare Resources

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.