Short Interest in ioneer Ltd (NASDAQ:IONR) Increases By 406.9%

ioneer Ltd (NASDAQ:IONR) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 51,200 shares, an increase of 406.9% from the September 15th total of 10,100 shares. Based on an average daily volume of 211,000 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 211,000 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of ioneer in a research report on Wednesday, October 8th. 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 Trading Down 8.4%

Shares of NASDAQ:IONR opened at $5.33 on Friday. The business’s 50 day simple moving average is $4.22 and its two-hundred day simple moving average is $3.59. ioneer has a 52-week low of $2.30 and a 52-week high of $9.35.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ioneer stock. Bank of America Corp DE bought a new stake in ioneer Ltd (NASDAQ:IONR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,546 shares of the company’s stock, valued at approximately $26,000.

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.