ioneer Ltd (NASDAQ:IONR) Short Interest Down 36.7% in March

ioneer Ltd (NASDAQ:IONR) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 19,493 shares, a decrease of 36.7% from the February 26th total of 30,796 shares. Based on an average trading volume of 51,404 shares, the days-to-cover ratio is currently 0.4 days.

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 analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, ioneer currently has a consensus rating of “Sell”.

ioneer Price Performance

IONR stock traded up $0.02 during trading hours on Friday, reaching $3.58. 214,695 shares of the stock were exchanged, compared to its average volume of 76,309. The firm’s 50-day moving average is $4.25 and its 200-day moving average is $4.63. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20.

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

Institutional Trading of ioneer

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