Kenmare Resources plc (OTCMKTS:KMRPF) Sees Large Growth in Short Interest

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 3,200 shares, an increase of 6.7% from the October 31st total of 3,000 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 8.0 days.

Kenmare Resources Stock Performance

Shares of OTCMKTS KMRPF opened at $4.24 on Thursday. Kenmare Resources has a fifty-two week low of $3.84 and a fifty-two week high of $5.21. The firm’s 50-day simple moving average is $4.45 and its 200 day simple moving average is $4.30.

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.