Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Expands By 354.8%

Kenmare Resources plc (OTCMKTS:KMRPF) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 14,100 shares, a growth of 354.8% from the August 15th total of 3,100 shares. Based on an average daily trading volume, of 5,900 shares, the short-interest ratio is currently 2.4 days.

Kenmare Resources Price Performance

KMRPF stock remained flat at $4.35 during trading on Thursday. Kenmare Resources has a 52 week low of $3.84 and a 52 week high of $5.53. The stock’s 50 day moving average is $4.27 and its 200 day moving average is $4.19.

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.