IGO Limited (OTCMKTS:IPGDF) Short Interest Update

IGO Limited (OTCMKTS:IPGDF) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 127,695 shares, a drop of 57.9% from the January 15th total of 303,202 shares. Based on an average trading volume of 1,390 shares, the days-to-cover ratio is presently 91.9 days. Based on an average trading volume of 1,390 shares, the days-to-cover ratio is presently 91.9 days.

IGO Price Performance

IPGDF remained flat at $5.84 during trading on Thursday. The firm’s fifty day moving average price is $5.50 and its two-hundred day moving average price is $4.24. IGO has a fifty-two week low of $2.12 and a fifty-two week high of $6.36.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered shares of IGO to a “sector perform” rating in a research note on Wednesday, December 10th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

About IGO

IGO Limited, trading as IPGDF on the OTC Markets, is an Australian-based diversified mining and metals company with a strategic focus on battery-cycle commodities and precious metals. Originally founded as Independence Group NL in 1997, the company rebranded to IGO Limited in 2018 to reflect its evolving portfolio. IGO’s operations span the extraction, processing and marketing of key industrial minerals and metals that underpin the global energy transition.

The company’s core asset portfolio includes the Nova nickel–copper–cobalt operation in Western Australia, which produces mixed sulphide concentrate; a 50% interest in the Tropicana gold joint venture; and the Kwinana Nickel Refinery, which refines concentrate into battery-grade nickel products.