Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 400 shares, a growth 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 Price Performance
Shares of OTCMKTS ILKAY remained flat at $16.36 during midday trading on Friday. 20 shares of the stock were exchanged, 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 business’s 50 day moving average is $20.10 and its 200-day moving average is $20.56.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group upgraded shares of Iluka Resources to a “hold” rating in a research report on Wednesday, August 28th.
About Iluka Resources
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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