Short Interest in ioneer Ltd (NASDAQ:IONR) Drops By 52.7%

ioneer Ltd (NASDAQ:IONR) saw a large decline in short interest in 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 trading volume of 77,453 shares, the days-to-cover ratio is presently 1.4 days.

Analyst Ratings Changes

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

ioneer Stock Performance

Shares of NASDAQ:IONR traded down $0.37 during mid-day trading on Friday, hitting $4.18. The company had a trading volume of 72,085 shares, compared to its average volume of 122,929. The firm has a fifty day moving average price of $3.82 and a 200 day moving average price of $4.42. ioneer has a one year low of $2.30 and a one year high of $8.20.

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

Institutional Trading of ioneer

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE acquired a new stake in ioneer in the 4th quarter valued at $26,000. XTX Topco Ltd acquired a new stake in ioneer in the 4th quarter valued at $54,000. Brookwood Investment Group LLC acquired a new stake in ioneer in the 4th quarter valued at $55,000. Pekin Hardy Strauss Inc. acquired a new stake in ioneer in the 4th quarter valued at $77,000. Finally, HRT Financial LP acquired a new stake in ioneer in the 4th quarter valued at $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.