ioneer Ltd (NASDAQ:IONR) Short Interest Update

ioneer Ltd (NASDAQ:IONR) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 109,081 shares, a decline of 52.7% from the April 15th total of 230,600 shares. Based on an average daily volume of 77,453 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On ioneer

A number of hedge funds have recently modified their holdings of IONR. Bank of America Corp DE bought a new position in ioneer in the 4th quarter worth $26,000. XTX Topco Ltd bought a new position in ioneer in the 4th quarter worth $54,000. Brookwood Investment Group LLC bought a new position in ioneer in the 4th quarter worth $55,000. Pekin Hardy Strauss Inc. bought a new position in ioneer in the 4th quarter worth $77,000. Finally, HRT Financial LP bought a new position in ioneer in the 4th quarter worth $83,000.

ioneer Trading Down 8.1%

Shares of IONR stock traded down $0.37 during mid-day trading on Friday, reaching $4.18. 72,085 shares of the company’s stock traded hands, compared to its average volume of 122,929. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20. The firm has a 50 day moving average price of $3.82 and a two-hundred day moving average price of $4.41.

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

Wall Street Analyst Weigh In

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