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

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 185 shares, a decrease of 73.3% from the January 15th total of 692 shares. Based on an average daily volume of 1,825 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,825 shares, the short-interest ratio is currently 0.1 days.

Kenmare Resources Stock Performance

OTCMKTS KMRPF remained flat at $3.51 during trading hours on Thursday. Kenmare Resources has a one year low of $3.00 and a one year high of $5.94. The business’s 50 day moving average price is $3.42 and its 200-day moving average price is $3.81.

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.