Short Interest in ioneer Ltd (NASDAQ:IONR) Decreases By 35.5%

ioneer Ltd (NASDAQ:IONR) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 294,961 shares, a drop of 35.5% from the June 15th total of 456,970 shares. Based on an average daily volume of 260,722 shares, the short-interest ratio is presently 1.1 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

ioneer Trading Down 7.5%

Shares of NASDAQ IONR traded down $0.28 during trading hours on Friday, hitting $3.45. The company had a trading volume of 61,415 shares, compared to its average volume of 122,061. ioneer has a 1-year low of $2.73 and a 1-year high of $8.20. The firm’s 50 day moving average is $4.12 and its 200-day moving average is $4.28.

Insiders Place Their Bets

In related news, SVP Matthew Weaver sold 251,293 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $27,642.23. Following the completion of the transaction, the senior vice president owned 11,299,711 shares of the company’s stock, valued at approximately $1,242,968.21. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad Yeftich sold 706,781 shares of ioneer stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total transaction of $77,745.91. Following the completion of the sale, the vice president owned 6,386,671 shares in the company, valued at $702,533.81. The trade was a 9.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,071,973 shares of company stock worth $117,917.

Institutional Trading of ioneer

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of ioneer in the 4th quarter valued at about $793,000. GK Wealth Management LLC bought a new stake in shares of ioneer in the 2nd quarter valued at about $139,000. Virtu Financial LLC bought a new stake in shares of ioneer in the 4th quarter valued at about $96,000. Millennium Management LLC acquired a new stake in ioneer in the 4th quarter valued at about $96,000. Finally, OLD Mission Capital LLC acquired a new stake in ioneer in the 4th quarter valued at about $88,000.

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.