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

ioneer Ltd (NASDAQ:IONR) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 43,433 shares, an increase of 67.2% from the January 29th total of 25,984 shares. Based on an average trading volume of 43,357 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 43,357 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of ioneer

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of ioneer during the fourth quarter worth about $793,000. Virtu Financial LLC acquired a new position in ioneer in the 4th quarter worth approximately $96,000. Millennium Management LLC purchased a new position in ioneer during the 4th quarter worth approximately $96,000. OLD Mission Capital LLC acquired a new stake in ioneer during the 4th quarter valued at approximately $88,000. Finally, HRT Financial LP purchased a new stake in shares of ioneer in the 4th quarter valued at $83,000.

ioneer Price Performance

IONR stock traded down $0.14 during trading on Monday, reaching $4.02. 53,651 shares of the company traded hands, compared to its average volume of 57,019. The business has a 50 day simple moving average of $4.99 and a 200 day simple moving average of $4.62. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20.

Analysts Set New Price Targets

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

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.