IGO Limited (OTCMKTS:IPGDF) Sees Significant Growth in Short Interest

IGO Limited (OTCMKTS:IPGDF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 6,490,400 shares, an increase of 12.8% from the December 31st total of 5,754,400 shares. Based on an average daily trading volume, of 600 shares, the short-interest ratio is currently 10,817.3 days.

IGO Trading Down 0.3 %

Shares of OTCMKTS:IPGDF traded down $0.01 during midday trading on Monday, hitting $3.10. 890 shares of the company’s stock were exchanged, compared to its average volume of 698. The stock has a 50 day moving average price of $3.10 and a 200-day moving average price of $3.45. IGO has a 12 month low of $2.81 and a 12 month high of $5.32.

IGO Company Profile

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.