Kenmare Resources plc (OTCMKTS:KMRPF) Short Interest Down 90.6% in June

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 8 shares, a drop of 90.6% from the June 15th total of 85 shares. Based on an average daily trading volume, of 350 shares, the short-interest ratio is currently 0.0 days.

Kenmare Resources Stock Performance

Shares of KMRPF stock remained flat at $2.58 on Friday. Kenmare Resources has a twelve month low of $2.55 and a twelve month high of $4.51. The firm’s 50-day moving average is $3.03 and its 200-day moving average is $3.20.

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.