Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Expands By 100.0%

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, a growth of 100.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 2.0 days.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Iluka Resources to a “hold” rating in a research note on Wednesday, August 28th.

Iluka Resources Price Performance

Iluka Resources stock remained flat at $17.61 during trading on Friday. The business’s 50 day simple moving average is $21.20 and its two-hundred day simple moving average is $21.25. Iluka Resources has a fifty-two week low of $17.36 and a fifty-two week high of $26.73.

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.