Short Interest in ioneer Ltd (NASDAQ:IONR) Increases By 67.2%

ioneer Ltd (NASDAQ:IONR) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 43,433 shares, a growth of 67.2% from the January 29th total of 25,984 shares. Based on an average daily trading volume, of 43,357 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 43,357 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research report on Thursday, January 22nd. Wall Street Zen raised shares of ioneer to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

ioneer Price Performance

ioneer stock traded down $0.10 during mid-day trading on Friday, hitting $4.16. The stock had a trading volume of 17,242 shares, compared to its average volume of 57,109. The stock has a 50-day simple moving average of $4.99 and a two-hundred day simple moving average of $4.61. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20.

Institutional Investors Weigh In On ioneer

Several institutional investors have recently modified their holdings of IONR. Marshall Wace LLP bought a new stake in shares of ioneer in the 4th quarter valued at $793,000. Virtu Financial LLC acquired a new position in ioneer in the fourth quarter valued at about $96,000. Millennium Management LLC bought a new stake in shares of ioneer in the fourth quarter worth about $96,000. OLD Mission Capital LLC bought a new stake in shares of ioneer in the fourth quarter worth about $88,000. Finally, HRT Financial LP acquired a new stake in shares of ioneer during the fourth quarter worth about $83,000.

ioneer Company Profile

ioneer Ltd. is a mineral exploration and development company focused on advancing its flagship Rhyolite Ridge lithium-boron project in Nevada. The company’s core business activities center on developing a vertically integrated supply of critical battery minerals, including lithium carbonate and boric acid, to support the growing electric vehicle and energy storage markets. ioneer’s Rhyolite Ridge project is one of the only known deposits globally that contains both lithium and boron in economically recoverable concentrations, positioning the company to deliver a differentiated product to downstream battery and industrial users.

Founded and listed on the Australian Securities Exchange in the late 2010s under its original name, the company rebranded to ioneer in 2018 to reflect a strategic focus on innovation in battery metals.