IGO Limited (OTCMKTS:IPGDF) Short Interest Up 101.9% in July

IGO Limited (OTCMKTS:IPGDF) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 57,524 shares, an increase of 101.9% from the June 30th total of 28,490 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

IGO Stock Performance

IGO stock opened at $4.49 on Thursday. IGO has a 52-week low of $2.66 and a 52-week high of $7.12. The company’s 50 day moving average is $6.12 and its two-hundred day moving average is $5.91.

IGO Company Profile

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.