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

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

Iluka Resources Price Performance

Shares of ILKAY remained flat at $13.49 during mid-day trading on Friday. The stock had a trading volume of 63 shares, compared to its average volume of 433. Iluka Resources has a 1 year low of $12.50 and a 1 year high of $26.73. The company has a 50-day moving average price of $14.06 and a 200 day moving average price of $17.39.

Iluka Resources Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Wednesday, March 5th will be paid a dividend of $0.1272 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This is a boost from Iluka Resources’s previous dividend of $0.11. Iluka Resources’s dividend payout ratio (DPR) 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.