ioneer Ltd (NASDAQ:IONR) Short Interest Update

ioneer Ltd (NASDAQ:IONR) was the recipient of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 11,800 shares, a drop of 28.0% from the May 15th total of 16,400 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is currently 1.2 days.

ioneer Price Performance

Shares of NASDAQ:IONR opened at $2.83 on Friday. ioneer has a 1-year low of $2.73 and a 1-year high of $9.35. The business has a 50-day moving average price of $3.46 and a two-hundred day moving average price of $3.93.

Institutional Investors Weigh In On ioneer

Institutional investors have recently modified their holdings of the business. Townsquare Capital LLC acquired a new position in ioneer in the fourth quarter valued at approximately $60,000. Bank of America Corp DE bought a new stake in shares of ioneer during the 4th quarter valued at $26,000. Finally, GK Wealth Management LLC lifted its stake in shares of ioneer by 88.6% in the 1st quarter. GK Wealth Management LLC now owns 28,950 shares of the company’s stock valued at $113,000 after purchasing an additional 13,600 shares during the period.

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.