Kenmare Resources plc (OTCMKTS:KMRPF) Sees Significant Drop in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 72.2% from the January 31st total of 3,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 10.0 days.

Kenmare Resources Price Performance

Shares of Kenmare Resources stock remained flat at $3.79 during trading on Friday. Kenmare Resources has a 12 month low of $3.79 and a 12 month high of $4.70. The firm’s 50 day simple moving average is $3.88 and its 200 day simple moving average is $4.23.

About Kenmare Resources

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.