ioneer Ltd (NASDAQ:IONR) Short Interest Update

ioneer Ltd (NASDAQ:IONR) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 323,606 shares, an increase of 196.7% from the April 30th total of 109,081 shares. Based on an average daily volume of 76,590 shares, the days-to-cover ratio is presently 4.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On ioneer

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in shares of ioneer in the fourth quarter worth about $26,000. XTX Topco Ltd purchased a new position in shares of ioneer in the fourth quarter worth about $54,000. Brookwood Investment Group LLC purchased a new position in shares of ioneer in the fourth quarter worth about $55,000. Pekin Hardy Strauss Inc. purchased a new position in shares of ioneer in the fourth quarter worth about $77,000. Finally, HRT Financial LP purchased a new position in shares of ioneer in the fourth quarter worth about $83,000.

ioneer Price Performance

NASDAQ IONR traded up $0.19 during trading on Friday, hitting $4.07. The company’s stock had a trading volume of 102,242 shares, compared to its average volume of 120,063. The business’s 50 day simple moving average is $3.93 and its 200-day simple moving average is $4.38. ioneer has a fifty-two week low of $2.30 and a fifty-two week high of $8.20.

ioneer (NASDAQ:IONR) last issued its quarterly earnings results on Friday, January 23rd. The company reported ($0.03) earnings per share 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.