Short Interest in ioneer Ltd (NASDAQ:IONR) Decreases By 35.5%

ioneer Ltd (NASDAQ:IONR) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 294,961 shares, a drop of 35.5% from the June 15th total of 456,970 shares. Based on an average daily trading volume, of 260,722 shares, the short-interest ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

ioneer Trading Down 7.5%

IONR stock traded down $0.28 during mid-day trading on Friday, hitting $3.45. 61,415 shares of the company were exchanged, compared to its average volume of 122,061. ioneer has a 1-year low of $2.73 and a 1-year high of $8.20. The business has a 50 day simple moving average of $4.12 and a 200-day simple moving average of $4.28.

Insider Buying and Selling

In related news, VP Chad Yeftich sold 706,781 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total transaction of $77,745.91. Following the transaction, the vice president directly owned 6,386,671 shares of the company’s stock, valued at approximately $702,533.81. The trade was a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Weaver sold 251,293 shares of the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $27,642.23. Following the completion of the sale, the senior vice president owned 11,299,711 shares in the company, valued at approximately $1,242,968.21. This trade represents a 2.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,071,973 shares of company stock valued at $117,917.

Institutional Trading of ioneer

Several hedge funds have recently added to or reduced their stakes in the company. GK Wealth Management LLC acquired a new position in ioneer in the 2nd quarter valued at $139,000. Virtu Financial LLC bought a new stake in shares of ioneer in the fourth quarter valued at about $96,000. XTX Topco Ltd acquired a new position in shares of ioneer in the fourth quarter valued at about $54,000. OLD Mission Capital LLC bought a new position in ioneer during the fourth quarter worth about $88,000. Finally, Millennium Management LLC bought a new position in ioneer during the fourth quarter worth about $96,000.

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.