Short Interest in ioneer Ltd (NASDAQ:IONR) Decreases By 63.6%

ioneer Ltd (NASDAQ:IONR) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 14,830 shares, a drop of 63.6% from the November 30th total of 40,697 shares. Based on an average daily volume of 105,228 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 105,228 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On ioneer

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

Analyst Ratings Changes

IONR has been the topic of several recent research reports. Wall Street Zen upgraded shares of ioneer to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of ioneer in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

ioneer Stock Up 2.0%

Shares of NASDAQ IONR traded up $0.10 during trading on Friday, hitting $5.10. The company had a trading volume of 31,174 shares, compared to its average volume of 115,770. ioneer has a 12 month low of $2.30 and a 12 month high of $8.20. The stock has a 50 day simple moving average of $4.62 and a 200 day simple moving average of $3.96.

About ioneer

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.