Short Interest in ioneer Ltd (NASDAQ:IONR) Declines By 35.5%
by Kim Johansen · The Markets Dailyioneer Ltd (NASDAQ:IONR – Get Free Report) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 294,961 shares, a decline of 35.5% from the June 15th total of 456,970 shares. Based on an average daily volume of 260,722 shares, the days-to-cover ratio is presently 1.1 days.
Insider Transactions at ioneer
In other ioneer news, VP Chad Yeftich sold 706,781 shares of the company’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 value of $77,745.91. Following the completion of the transaction, the vice president owned 6,386,671 shares of the company’s stock, valued at $702,533.81. This represents a 9.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew Weaver sold 251,293 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 11,299,711 shares of the company’s stock, 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. Insiders have sold 1,071,973 shares of company stock valued at $117,917 in the last ninety days.
Hedge Funds Weigh In On ioneer
A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of ioneer during the 4th quarter worth approximately $26,000. XTX Topco Ltd bought a new stake in ioneer in the fourth quarter valued at $54,000. Brookwood Investment Group LLC acquired a new position in ioneer during the fourth quarter worth $55,000. Pekin Hardy Strauss Inc. acquired a new position in ioneer during the fourth quarter worth $77,000. Finally, HRT Financial LP bought a new position in shares of ioneer during the fourth quarter valued at $83,000.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Read Our Latest Report on ioneer
ioneer Price Performance
NASDAQ IONR opened at $3.44 on Friday. ioneer has a twelve month low of $2.73 and a twelve month high of $8.20. The company’s 50-day simple moving average is $4.11 and its 200 day simple moving average is $4.27.
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.