Kenmare Resources plc (OTCMKTS:KMRPF) Sees Large Decrease in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 5,200 shares, a drop of 63.1% from the August 31st total of 14,100 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is currently 3.7 days.

Kenmare Resources Price Performance

Shares of KMRPF remained flat at $4.55 during mid-day trading on Thursday. Kenmare Resources has a one year low of $3.84 and a one year high of $5.39. The company has a 50-day moving average of $4.33 and a two-hundred day moving average of $4.22.

About Kenmare Resources

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.