Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Drops By 38.6%

Kenmare Resources plc (OTCMKTS:KMRPF) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 635 shares, a drop of 38.6% from the December 15th total of 1,035 shares. Based on an average daily volume of 1,953 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 1,953 shares, the short-interest ratio is currently 0.3 days.

Kenmare Resources Stock Performance

Shares of Kenmare Resources stock opened at $3.52 on Friday. Kenmare Resources has a 12-month low of $3.00 and a 12-month high of $5.94. The firm’s 50-day moving average price is $3.40 and its two-hundred day moving average price is $3.93.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.