Iluka Resources Limited (OTCMKTS:ILKAY) Short Interest Down 25.0% in February

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

Iluka Resources Price Performance

Shares of ILKAY stock opened at $13.16 on Tuesday. Iluka Resources has a 52-week low of $12.89 and a 52-week high of $26.73. The company has a 50-day simple moving average of $14.58 and a two-hundred day simple moving average of $17.72.

Iluka Resources Increases Dividend

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

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.