IGO Limited (OTCMKTS:IPGDF) Short Interest Update

IGO Limited (OTCMKTS:IPGDF) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 124,555 shares, an increase of 29.5% from the February 12th total of 96,174 shares. Based on an average daily volume of 357 shares, the days-to-cover ratio is presently 348.9 days. Based on an average daily volume of 357 shares, the days-to-cover ratio is presently 348.9 days.

IGO Price Performance

Shares of IPGDF stock opened at $5.65 on Friday. The business’s fifty day moving average price is $5.82 and its 200 day moving average price is $4.60. IGO has a 1-year low of $2.12 and a 1-year high of $6.36.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on IPGDF. Royal Bank Of Canada lowered shares of IGO to a “sector perform” rating in a research note on Wednesday, December 10th. Jefferies Financial Group reissued an “underperform” rating on shares of IGO in a report on Monday, February 16th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

IGO Company Profile

IGO Limited, trading as IPGDF on the OTC Markets, is an Australian-based diversified mining and metals company with a strategic focus on battery-cycle commodities and precious metals. Originally founded as Independence Group NL in 1997, the company rebranded to IGO Limited in 2018 to reflect its evolving portfolio. IGO’s operations span the extraction, processing and marketing of key industrial minerals and metals that underpin the global energy transition.

The company’s core asset portfolio includes the Nova nickel–copper–cobalt operation in Western Australia, which produces mixed sulphide concentrate; a 50% interest in the Tropicana gold joint venture; and the Kwinana Nickel Refinery, which refines concentrate into battery-grade nickel products.