Iluka Resources Limited (OTCMKTS:ILKAF) Short Interest Down 16.6% in January

Iluka Resources Limited (OTCMKTS:ILKAF) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,446,300 shares, a drop of 16.6% from the January 15th total of 2,933,500 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 1,359.1 days.

Iluka Resources Stock Performance

Shares of OTCMKTS:ILKAF remained flat at $3.14 during midday trading on Monday. Iluka Resources has a twelve month low of $2.81 and a twelve month high of $5.41. The firm has a 50-day simple moving average of $3.17 and a 200-day simple moving average of $3.57.

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.