ioneer Ltd (NASDAQ:IONR) Short Interest Up 4,625.9% in March

ioneer Ltd (NASDAQ:IONR) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 921,221 shares, a growth of 4,625.9% from the March 15th total of 19,493 shares. Based on an average daily volume of 484,700 shares, the short-interest ratio is currently 1.9 days.

Institutional Investors Weigh In On ioneer

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

ioneer Trading Down 6.6%

Shares of NASDAQ IONR traded down $0.26 during trading on Friday, reaching $3.70. The company had a trading volume of 105,762 shares, compared to its average volume of 140,876. ioneer has a 52 week low of $2.30 and a 52 week high of $8.20. The business’s 50 day moving average price is $3.89 and its 200-day moving average price is $4.65.

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

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.