ioneer Ltd (NASDAQ:IONR) Short Interest Update
by Renee Jackson · The Cerbat Gemioneer Ltd (NASDAQ:IONR – Get Free Report) was the recipient of a significant increase in short interest during the month of 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.
ioneer Stock Up 4.9%
IONR stock traded up $0.19 during trading on Friday, hitting $4.07. 102,242 shares of the company traded hands, compared to its average volume of 120,063. The stock’s 50-day simple moving average is $3.93 and its 200 day simple moving average is $4.38. ioneer has a 1 year low of $2.30 and a 1 year high of $8.20.
ioneer (NASDAQ:IONR – Get Free Report) last announced its quarterly earnings results on Friday, January 23rd. The company reported ($0.03) earnings per share for the quarter.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.
Get Our Latest Stock Report on ioneer
Institutional Trading of ioneer
Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in ioneer in the fourth quarter valued at approximately $26,000. XTX Topco Ltd acquired a new stake in ioneer in the fourth quarter valued at approximately $54,000. Brookwood Investment Group LLC acquired a new stake in ioneer in the fourth quarter valued at approximately $55,000. Pekin Hardy Strauss Inc. acquired a new stake in ioneer in the fourth quarter valued at approximately $77,000. Finally, HRT Financial LP acquired a new stake in ioneer in the fourth quarter valued at approximately $83,000.
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.