Kenmare Resources plc (OTCMKTS:KMRPF) Sees Significant Drop in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 85 shares, a decrease of 55.7% from the February 12th total of 192 shares. Based on an average trading volume of 667 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 667 shares, the short-interest ratio is currently 0.1 days.

Kenmare Resources Price Performance

KMRPF stock remained flat at $3.17 on Thursday. 3,600 shares of the company traded hands, compared to its average volume of 2,058. Kenmare Resources has a 1 year low of $3.00 and a 1 year high of $5.94. The firm’s 50-day simple moving average is $3.54 and its 200 day simple moving average is $3.69.

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.