Kenmare Resources plc (OTCMKTS:KMRPF) Short Interest Down 90.6% in June

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 8 shares, a decline of 90.6% from the June 15th total of 85 shares. Based on an average trading volume of 350 shares, the short-interest ratio is presently 0.0 days.

Kenmare Resources Stock Performance

Shares of KMRPF stock remained flat at $2.58 during trading hours on Friday. The business has a 50-day simple moving average of $3.03 and a 200 day simple moving average of $3.20. Kenmare Resources has a 1-year low of $2.55 and a 1-year high of $4.51.

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.