Short Interest in ioneer Ltd (NASDAQ:IONR) Expands By 102.5%

ioneer Ltd (NASDAQ:IONR) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totaling 10,101 shares, a growth of 102.5% from the December 31st total of 4,988 shares. Based on an average daily trading volume, of 59,013 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 59,013 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On ioneer

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of ioneer during the fourth quarter valued at about $26,000. Pekin Hardy Strauss Inc. acquired a new position in ioneer in the fourth quarter valued at approximately $77,000. Finally, Brookwood Investment Group LLC purchased a new position in shares of ioneer during the fourth quarter worth about $55,000.

Analyst Ratings Changes

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

ioneer Price Performance

NASDAQ IONR traded down $1.29 on Friday, hitting $4.42. The company had a trading volume of 253,600 shares, compared to its average volume of 72,268. The company’s fifty day moving average price is $5.10 and its 200-day moving average price is $4.46. ioneer has a 12-month low of $2.30 and a 12-month high of $8.20.

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.