Iluka Resources Limited (OTCMKTS:ILKAY) Sees Large Decrease in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 300 shares, a drop of 50.0% from the August 31st total of 600 shares. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 4,400 shares, the short-interest ratio is currently 0.1 days.

Iluka Resources Stock Up 6.0%

Shares of OTCMKTS ILKAY opened at $23.70 on Monday. Iluka Resources has a twelve month low of $9.08 and a twelve month high of $23.70. The stock has a fifty day simple moving average of $20.27 and a 200-day simple moving average of $15.59.

Iluka Resources Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.0515 per share. This represents a dividend yield of 74.0%. The ex-dividend date of this dividend is Wednesday, September 3rd. Iluka Resources’s dividend payout ratio is currently -203.84%.

Iluka Resources Company Profile

Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands in Australia, China, rest of Asia, Europe, the Americas, and internationally. It operates through Jacinth-Ambrosia/Mid-West, Cataby/South West, Rare Earths, and United States/Murray Basin segments.