Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,400 shares, a decrease of 41.8% from the May 14th total of 2,405 shares. Based on an average daily trading volume, of 4,386 shares, the short-interest ratio is currently 0.3 days.
Iluka Resources Price Performance
Shares of Iluka Resources stock opened at $26.93 on Friday. The company has a fifty day moving average price of $27.23 and a 200 day moving average price of $23.06. Iluka Resources has a twelve month low of $11.45 and a twelve month high of $35.77.
Analyst Ratings Changes
A number of analysts have recently commented on ILKAY shares. Citigroup downgraded Iluka Resources from a “buy” rating to a “hold” rating in a report on Thursday, April 23rd. Zacks Research upgraded Iluka Resources to a “hold” rating in a report on Wednesday, April 15th. Finally, Canaccord Genuity Group downgraded Iluka Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.
Iluka Resources Company Profile
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.
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