Short Interest in ioneer Ltd (NASDAQ:IONR) Decreases By 63.6%

ioneer Ltd (NASDAQ:IONR) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 14,830 shares, a drop of 63.6% from the November 30th total of 40,697 shares. Based on an average trading volume of 105,228 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 105,228 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On ioneer

An institutional investor recently bought a new position in ioneer stock. Bank of America Corp DE acquired a new stake in shares of ioneer Ltd (NASDAQ:IONR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,546 shares of the company’s stock, valued at approximately $26,000.

ioneer Stock Up 2.0%

ioneer stock traded up $0.10 during midday trading on Friday, reaching $5.10. 31,174 shares of the company traded hands, compared to its average volume of 115,770. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20. The business has a 50 day moving average of $4.62 and a two-hundred day moving average of $3.96.

Wall Street Analyst Weigh In

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