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

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 400 shares, an increase of 100.0% from the November 15th total of 200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 4.0 days.

Iluka Resources Stock Performance

Shares of ILKAY stock remained flat at $16.36 on Friday. The company had a trading volume of 20 shares, compared to its average volume of 427. Iluka Resources has a 52-week low of $16.00 and a 52-week high of $26.73. The firm has a 50-day moving average of $20.10 and a 200 day moving average of $20.56.

Analyst Ratings Changes

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

Iluka Resources Company Profile

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.