IGO Limited (OTCMKTS:IPGDF) Short Interest Up 51.9% in October

IGO Limited (OTCMKTS:IPGDF) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 2,200,000 shares, an increase of 51.9% from the October 15th total of 1,448,600 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 5,500.0 days.

IGO Stock Performance

Shares of IGO stock remained flat at $3.41 during mid-day trading on Friday. The firm has a fifty day moving average of $3.68 and a 200-day moving average of $4.01. IGO has a 12 month low of $3.01 and a 12 month high of $6.35.

About IGO

IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia.