IGO Limited (OTCMKTS:IPGDF) Short Interest Down 31.9% in December

IGO Limited (OTCMKTS:IPGDF) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 814,761 shares, a decline of 31.9% from the November 30th total of 1,195,728 shares. Based on an average trading volume of 2,802 shares, the short-interest ratio is currently 290.8 days. Based on an average trading volume of 2,802 shares, the short-interest ratio is currently 290.8 days.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of IGO to a “sector perform” rating in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, IGO has an average rating of “Reduce”.

IGO Stock Performance

Shares of IPGDF remained flat at $5.40 during trading hours on Monday. The business has a 50-day moving average price of $4.27 and a 200 day moving average price of $3.58. IGO has a 1 year low of $2.12 and a 1 year high of $5.40.

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.