ioneer Ltd (NASDAQ:IONR) Sees Significant Decrease in Short Interest

ioneer Ltd (NASDAQ:IONR) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 30,796 shares, a decline of 29.1% from the February 12th total of 43,433 shares. Based on an average trading volume of 34,989 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 34,989 shares, the short-interest ratio is presently 0.9 days.

ioneer Stock Performance

NASDAQ IONR traded down $0.33 during mid-day trading on Friday, hitting $3.22. The company’s stock had a trading volume of 40,909 shares, compared to its average volume of 56,048. The company’s 50 day simple moving average is $4.75 and its 200 day simple moving average is $4.64. ioneer has a twelve month low of $2.30 and a twelve month high of $8.20.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Bank of America Corp DE bought a new stake in shares of ioneer during the fourth quarter worth about $26,000. Brookwood Investment Group LLC bought a new position in ioneer in the 4th quarter valued at about $55,000. Pekin Hardy Strauss Inc. bought a new position in ioneer in the 4th quarter valued at about $77,000. HRT Financial LP acquired a new position in ioneer during the 4th quarter valued at about $83,000. Finally, Marshall Wace LLP acquired a new position in ioneer during the 4th quarter valued at about $793,000.

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, ioneer presently 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.