Short Interest in Iluka Resources Limited (OTCMKTS:ILKAY) Increases By 433.3%

Iluka Resources Limited (OTCMKTS:ILKAY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,600 shares, an increase of 433.3% from the February 28th total of 300 shares. Based on an average daily volume of 600 shares, the short-interest ratio is presently 2.7 days.

Iluka Resources Stock Performance

Shares of OTCMKTS:ILKAY remained flat at $13.49 during mid-day trading on Thursday. 36 shares of the company were exchanged, compared to its average volume of 433. Iluka Resources has a 52 week low of $12.50 and a 52 week high of $26.73. The company has a 50 day simple moving average of $14.12 and a 200-day simple moving average of $17.42.

Iluka Resources Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Shareholders of record on Wednesday, March 5th will be paid a $0.1272 dividend. The ex-dividend date of this dividend is Wednesday, March 5th. This is a positive change from Iluka Resources’s previous dividend of $0.11. Iluka Resources’s payout ratio is presently -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.