Iluka Resources Limited (OTCMKTS:ILKAF) Short Interest Down 19.4% in March

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

Iluka Resources Price Performance

OTCMKTS ILKAF opened at $4.75 on Wednesday. Iluka Resources has a 12 month low of $1.66 and a 12 month high of $7.54. The stock’s fifty day moving average price is $4.21 and its 200-day moving average price is $4.31.

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.