Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Down 64.8% in April

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 1,421 shares, a drop of 64.8% from the April 15th total of 4,036 shares. Based on an average daily volume of 8,785 shares, the days-to-cover ratio is currently 0.2 days.

Iluka Resources Trading Down 1.0%

OTCMKTS ILKAY traded down $0.31 during trading on Thursday, reaching $30.57. The company’s stock had a trading volume of 989 shares, compared to its average volume of 2,779. Iluka Resources has a twelve month low of $11.45 and a twelve month high of $35.77. The business’s fifty day moving average price is $24.89 and its 200-day moving average price is $22.17.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup lowered shares of Iluka Resources from a “buy” rating to a “hold” rating in a research note on Thursday, April 23rd. Canaccord Genuity Group lowered shares of Iluka Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Iluka Resources to a “hold” rating in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Iluka Resources

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.