Iluka Resources Limited (OTCMKTS:ILKAY) Sees Significant Drop in Short Interest

Iluka Resources Limited (OTCMKTS:ILKAY) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 25.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 0.6 days.

Iluka Resources Stock Performance

OTCMKTS ILKAY remained flat at $13.16 on Monday. The company’s stock had a trading volume of 96 shares, compared to its average volume of 424. The company’s fifty day moving average price is $14.64 and its 200 day moving average price is $17.77. Iluka Resources has a 12-month low of $12.89 and a 12-month high of $26.73.

Iluka Resources Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Wednesday, March 5th will be issued a $0.1272 dividend. This is an increase from Iluka Resources’s previous dividend of $0.11. The ex-dividend date is Wednesday, March 5th. Iluka Resources’s dividend payout ratio is currently -407.68%.

About Iluka Resources

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.