Short Interest in ioneer Ltd (NASDAQ:IONR) Decreases By 29.1%

ioneer Ltd (NASDAQ:IONR) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 30,796 shares, a decrease of 29.1% from the February 12th total of 43,433 shares. Based on an average daily volume of 34,989 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 34,989 shares, the days-to-cover ratio is currently 0.9 days.

ioneer Price Performance

Shares of NASDAQ IONR traded up $0.16 during trading hours on Monday, hitting $3.38. 16,372 shares of the stock were exchanged, compared to its average volume of 55,227. ioneer has a one year low of $2.30 and a one year high of $8.20. The company’s 50 day moving average is $4.75 and its 200 day moving average is $4.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IONR. Marshall Wace LLP bought a new position in shares of ioneer during the 4th quarter valued at about $793,000. Virtu Financial LLC bought a new stake in shares of ioneer in the fourth quarter valued at about $96,000. Millennium Management LLC bought a new stake in shares of ioneer in the fourth quarter valued at about $96,000. OLD Mission Capital LLC acquired a new position in shares of ioneer during the fourth quarter worth about $88,000. Finally, HRT Financial LP bought a new position in shares of ioneer during the fourth quarter worth about $83,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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.