ioneer Ltd (NASDAQ:IONR) Short Interest Update

ioneer Ltd (NASDAQ:IONR) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 19,493 shares, a decline of 36.7% from the February 26th total of 30,796 shares. Based on an average daily volume of 51,404 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

ioneer Trading Up 0.6%

ioneer stock traded up $0.02 during trading hours on Friday, reaching $3.58. 214,695 shares of the stock were exchanged, compared to its average volume of 76,309. ioneer has a twelve month low of $2.30 and a twelve month high of $8.20. The stock has a 50 day moving average of $4.25 and a two-hundred day moving average of $4.63.

ioneer (NASDAQ:IONR) last issued its earnings results on Friday, January 23rd. The company reported ($0.03) EPS for the quarter.

Institutional Investors Weigh In On ioneer

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brookwood Investment Group LLC bought a new position in shares of ioneer in the 4th quarter valued at $55,000. Bank of America Corp DE bought a new stake in shares of ioneer during the 4th quarter worth $26,000. OLD Mission Capital LLC acquired a new stake in ioneer in the fourth quarter valued at about $88,000. Marshall Wace LLP acquired a new stake in ioneer in the fourth quarter valued at about $793,000. Finally, Virtu Financial LLC bought a new position in ioneer in the fourth quarter valued at about $96,000.

About ioneer

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.