ioneer Ltd (NASDAQ:IONR) Short Interest Up 102.5% in January

ioneer Ltd (NASDAQ:IONR) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 10,101 shares, an increase of 102.5% from the December 31st total of 4,988 shares. Based on an average daily volume of 59,013 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 59,013 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On ioneer

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in ioneer during the fourth quarter valued at $26,000. Pekin Hardy Strauss Inc. purchased a new position in ioneer in the 4th quarter worth approximately $77,000. Finally, Brookwood Investment Group LLC purchased a new position in shares of ioneer in the fourth quarter worth $55,000.

Analysts Set New Price Targets

A number of research firms have weighed in on IONR. Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of ioneer to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

ioneer Stock Performance

Shares of IONR traded down $1.29 on Friday, reaching $4.42. The company’s stock had a trading volume of 253,600 shares, compared to its average volume of 72,268. ioneer has a 12-month low of $2.30 and a 12-month high of $8.20. The stock’s 50 day simple moving average is $5.10 and its two-hundred day simple moving average is $4.47.

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.