Short Interest in ioneer Ltd (NASDAQ:IONR) Drops By 75.0%

ioneer Ltd (NASDAQ:IONR) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 230,600 shares, a decline of 75.0% from the March 31st total of 921,221 shares. Based on an average daily trading volume, of 103,205 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On ioneer

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in shares of ioneer during the fourth quarter worth $26,000. XTX Topco Ltd bought a new stake in ioneer in the 4th quarter valued at $54,000. Brookwood Investment Group LLC acquired a new position in ioneer in the 4th quarter worth $55,000. Pekin Hardy Strauss Inc. acquired a new position in ioneer in the 4th quarter worth $77,000. Finally, HRT Financial LP bought a new position in ioneer during the 4th quarter worth about $83,000.

ioneer Price Performance

Shares of NASDAQ:IONR remained flat at $3.86 during trading on Friday. The stock had a trading volume of 28,903 shares, compared to its average volume of 132,392. The firm has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $4.61. ioneer has a fifty-two week low of $2.30 and a fifty-two week high of $8.20.

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

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.