ioneer Ltd (NASDAQ:IONR) Sees Significant Growth in Short Interest

ioneer Ltd (NASDAQ:IONR) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 323,606 shares, a growth of 196.7% from the April 30th total of 109,081 shares. Based on an average daily trading volume, of 76,590 shares, the short-interest ratio is presently 4.2 days.

ioneer Stock Up 4.9%

NASDAQ:IONR traded up $0.19 during mid-day trading on Friday, hitting $4.07. The stock had a trading volume of 102,242 shares, compared to its average volume of 120,063. The stock has a 50-day simple moving average of $3.93 and a two-hundred day simple moving average of $4.38. ioneer has a twelve month low of $2.30 and a twelve month high of $8.20.

ioneer (NASDAQ:IONR) last released its earnings results on Friday, January 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On ioneer

A number of institutional investors have recently added to or reduced their stakes in IONR. Bank of America Corp DE acquired a new position in ioneer during the fourth quarter worth $26,000. XTX Topco Ltd acquired a new position in ioneer during the fourth quarter worth $54,000. Brookwood Investment Group LLC acquired a new stake in shares of ioneer in the fourth quarter valued at about $55,000. Pekin Hardy Strauss Inc. acquired a new stake in shares of ioneer in the fourth quarter valued at about $77,000. Finally, HRT Financial LP acquired a new stake in shares of ioneer in the fourth quarter valued at about $83,000.

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.