Short Interest in Kenmare Resources plc (OTCMKTS:KMRPF) Decreases By 21.7%

Kenmare Resources plc (OTCMKTS:KMRPF) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,035 shares, a drop of 21.7% from the November 30th total of 1,321 shares. Based on an average trading volume of 865 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 865 shares, the short-interest ratio is currently 1.2 days.

Kenmare Resources Stock Performance

KMRPF stock traded up $0.07 during midday trading on Wednesday, hitting $3.37. The company’s stock had a trading volume of 3,381 shares, compared to its average volume of 3,138. The firm has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $4.03. Kenmare Resources has a 52-week low of $3.00 and a 52-week high of $5.94.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland‐based mining company primarily engaged in the extraction and processing of titanium‐bearing minerals. The company operates the Moma Titanium Minerals Mine in northern Mozambique, which is one of the largest rutile and rare earth‐bearing mineral sands deposits globally. Kenmare’s primary products include high‐grade ilmenite, rutile, and zircon, which are used as feedstocks for pigment, welding, foundry, ceramics, and refractory markets.

Kenmare began commercial production at the Moma operation in the mid‐2000s and has since developed an integrated supply chain that includes a mineral separation plant at the port of Nacala, a purpose‐built rail link, and modern shipping facilities.