Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Drops By 36.0%

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, a decrease of 36.0% from the February 28th total of 2,500 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 1.5 days.

Kenmare Resources Stock Down 10.1 %

Shares of KMRPF traded down $0.60 during trading hours on Friday, reaching $5.34. The stock had a trading volume of 1,000 shares, compared to its average volume of 1,150. Kenmare Resources has a 12 month low of $3.79 and a 12 month high of $5.94. The company’s 50-day moving average is $4.40 and its two-hundred day moving average is $4.35.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.