ioneer Ltd (NASDAQ:IONR) Short Interest Up 89.1% in February

ioneer Ltd (NASDAQ:IONR) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 43,300 shares, an increase of 89.1% from the January 31st total of 22,900 shares. Based on an average daily volume of 35,800 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ioneer stock. Townsquare Capital LLC purchased a new position in ioneer Ltd (NASDAQ:IONR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,950 shares of the company’s stock, valued at approximately $60,000.

ioneer Price Performance

NASDAQ:IONR traded up $0.33 during trading hours on Friday, hitting $3.85. 14,188 shares of the company’s stock traded hands, compared to its average volume of 44,828. The business’s fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $4.99. ioneer has a 52 week low of $3.05 and a 52 week high of $9.35.

About ioneer

ioneer Ltd explores for and develops mineral properties in North America. Its flagship property is the Rhyolite Ridge lithium-boron project located in the state of Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018.