Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Update

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,400 shares, a decline of 41.8% from the May 14th total of 2,405 shares. Based on an average trading volume of 4,386 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of analysts have recently commented on ILKAY shares. Zacks Research upgraded Iluka Resources to a “hold” rating in a report on Wednesday, April 15th. Canaccord Genuity Group lowered Iluka Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Finally, Citigroup lowered Iluka Resources from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Iluka Resources has a consensus rating of “Hold”.

Iluka Resources Stock Performance

ILKAY remained flat at $26.93 on Tuesday. The company had a trading volume of 48 shares, compared to its average volume of 2,772. Iluka Resources has a fifty-two week low of $11.45 and a fifty-two week high of $35.77. The company has a 50 day moving average price of $27.33 and a two-hundred day moving average price of $23.11.

About Iluka Resources

Iluka Resources is a leading global mineral sands company with operations spanning Australia, Sierra Leone and the United States. The company specializes in the exploration, mining and processing of zircon and titanium dioxide feedstocks, including ilmenite, rutile and synthetic rutile. Iluka’s products serve a broad range of end markets, notably ceramics, refractory, pigment and chemical applications, as well as emerging technology sectors requiring specialty minerals.

Headquartered in Perth, Western Australia, Iluka Resources operates a vertically integrated business model encompassing mine development, mineral separation and marketing to industrial customers worldwide.