Iluka Resources Limited (OTCMKTS:ILKAF) Sees Significant Growth in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAF) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,711,900 shares, a growth of 5.9% from the October 15th total of 2,559,800 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 9,039.7 days.

Iluka Resources Trading Down 10.6 %

Shares of ILKAF stock opened at $3.50 on Monday. The firm has a 50-day moving average of $3.92 and a 200-day moving average of $4.21. Iluka Resources has a one year low of $3.50 and a one year high of $5.41.

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.