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

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,500 shares, a growth of 150.0% from the February 13th total of 1,000 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.

Kenmare Resources Stock Performance

Shares of Kenmare Resources stock remained flat at $5.34 on Friday. Kenmare Resources has a 1-year low of $3.79 and a 1-year high of $5.34. The company’s fifty day moving average is $4.03 and its two-hundred day moving average is $4.26.

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.