ioneer Ltd (NASDAQ:IONR) Short Interest Down 66.4% in December

ioneer Ltd (NASDAQ:IONR) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 4,988 shares, a decline of 66.4% from the December 15th total of 14,830 shares. Based on an average daily trading volume, of 112,872 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 112,872 shares, the days-to-cover ratio is currently 0.0 days.

ioneer Price Performance

Shares of IONR stock traded up $0.38 during trading hours on Wednesday, hitting $5.95. 72,558 shares of the company’s stock were exchanged, compared to its average volume of 57,251. The stock’s 50-day moving average is $4.71 and its 200-day moving average is $4.20. ioneer has a 52 week low of $2.30 and a 52 week high of $8.20.

Analyst Ratings Changes

Several research analysts have issued reports on IONR shares. Wall Street Zen upgraded ioneer to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On ioneer

A hedge fund recently bought a new stake in ioneer stock. Bank of America Corp DE bought a new stake in ioneer Ltd (NASDAQ:IONR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,546 shares of the company’s stock, valued at approximately $26,000.

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.