Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Up 433.3% in March

Iluka Resources Limited (OTCMKTS:ILKAY) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 433.3% from the February 28th total of 300 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 2.7 days.

Iluka Resources Stock Performance

Shares of ILKAY stock remained flat at $13.49 during trading on Thursday. 36 shares of the company were exchanged, compared to its average volume of 433. The stock has a 50-day moving average price of $14.12 and a 200-day moving average price of $17.42. Iluka Resources has a 12 month low of $12.50 and a 12 month high of $26.73.

Iluka Resources Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Wednesday, March 5th will be given a dividend of $0.1272 per share. The ex-dividend date is Wednesday, March 5th. This is an increase from Iluka Resources’s previous dividend of $0.11. Iluka Resources’s dividend payout ratio is currently -407.68%.

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.