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

ioneer Ltd (NASDAQ:IONR) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 19,800 shares, a drop of 5.7% from the March 15th total of 21,000 shares. Based on an average trading volume of 13,600 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On ioneer

An institutional investor recently raised its position in ioneer stock. Advisor Group Holdings Inc. increased its position in ioneer Ltd (NASDAQ:IONR) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,110 shares of the company’s stock after purchasing an additional 1,955 shares during the quarter. Advisor Group Holdings Inc.’s holdings in ioneer were worth $99,000 as of its most recent filing with the Securities and Exchange Commission.

ioneer Stock Performance

ioneer stock opened at $5.20 on Thursday. ioneer has a 12 month low of $2.90 and a 12 month high of $11.09. The stock’s 50-day moving average is $4.22 and its 200-day moving average is $4.09.

About ioneer

ioneer Ltd explores for and develops mineral properties in North America. Its flagship property is the Rhyolite Ridge lithium-boron project located in the state of Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018.