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

Kenmare Resources plc (OTCMKTS:KMRPF) was the target 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 volume of 5,900 shares, the short-interest ratio is presently 2.4 days.

Kenmare Resources Stock Performance

Shares of KMRPF stock remained flat at $4.35 during midday trading on Friday. The company’s fifty day moving average price is $4.27 and its 200-day moving average price is $4.19. Kenmare Resources has a 52 week low of $3.84 and a 52 week high of $5.53.

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.