Short Interest in Iluka Resources Limited (OTCMKTS:ILKAF) Declines By 19.4%

Iluka Resources Limited (OTCMKTS:ILKAF) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 3,718,831 shares, a drop of 19.4% from the February 26th total of 4,612,570 shares. Based on an average daily volume of 22,653 shares, the days-to-cover ratio is currently 164.2 days.

Iluka Resources Price Performance

ILKAF stock opened at $4.45 on Monday. Iluka Resources has a fifty-two week low of $1.66 and a fifty-two week high of $7.54. The business has a 50-day moving average of $4.22 and a 200-day moving average of $4.29.

Iluka Resources Company Profile

Iluka Resources is a leading global mineral sands company headquartered in Perth, Western Australia. The company specialises in the exploration, mining, processing and marketing of heavy mineral products, primarily ilmenite, rutile and zircon. These commodities are critical feedstocks for the manufacture of titanium dioxide pigments, ceramic tiles, welding rod coatings and various other industrial applications. Iluka also produces synthetic rutile and is involved in the recovery of rare earth elements as part of its resource development strategy.

Iluka’s operations are predominantly located in Australia, with large-scale mineral sands projects in South and Western Australia, including the Jacinth-Ambrosia and Eneabba deposits.