Iluka Resources Limited (OTCMKTS:ILKAY) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 200 shares, an increase of 100.0% from the October 31st total of 100 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 2.0 days.

Iluka Resources Stock Performance

Shares of ILKAY stock remained flat at $17.61 on Thursday. The stock had a trading volume of 1 shares, compared to its average volume of 427. The firm has a 50 day moving average price of $21.25 and a 200 day moving average price of $21.34. Iluka Resources has a 12 month low of $17.36 and a 12 month high of $26.73.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised Iluka Resources to a “hold” rating in a report on Wednesday, August 28th.

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Iluka Resources Company Profile

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Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.

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