Kenmare Resources plc (OTCMKTS:KMRPF) Short Interest Update

Kenmare Resources plc (OTCMKTS:KMRPF) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 385 shares, an increase of 352.9% from the March 15th total of 85 shares. Based on an average daily volume of 78 shares, the short-interest ratio is presently 4.9 days.

Kenmare Resources Stock Performance

KMRPF opened at $2.92 on Monday. The company’s 50 day moving average is $3.27 and its 200-day moving average is $3.47. Kenmare Resources has a 1-year low of $2.55 and a 1-year high of $5.50.

About Kenmare Resources

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.