ioneer Ltd (NASDAQ:IONR) Short Interest Down 35.5% in June

ioneer Ltd (NASDAQ:IONR) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 294,961 shares, a decrease of 35.5% from the June 15th total of 456,970 shares. Based on an average daily volume of 260,722 shares, the short-interest ratio is currently 1.1 days.

ioneer Trading Down 7.8%

Shares of NASDAQ:IONR opened at $3.44 on Friday. The stock has a 50 day moving average of $4.11 and a 200 day moving average of $4.27. ioneer has a 12-month low of $2.73 and a 12-month high of $8.20.

Insider Activity at ioneer

In related news, VP Chad Yeftich sold 706,781 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $0.11, for a total value of $77,745.91. Following the transaction, the vice president owned 6,386,671 shares of the company’s stock, valued at approximately $702,533.81. This trade represents a 9.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Matthew Weaver sold 251,293 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $0.11, for a total transaction of $27,642.23. Following the completion of the transaction, the senior vice president directly owned 11,299,711 shares in the company, valued at approximately $1,242,968.21. The trade was a 2.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,973 shares of company stock worth $117,917 in the last quarter.

Hedge Funds Weigh In On ioneer

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of ioneer in the fourth quarter worth $26,000. XTX Topco Ltd bought a new position in ioneer in the 4th quarter worth $54,000. Brookwood Investment Group LLC bought a new position in ioneer in the 4th quarter worth $55,000. Pekin Hardy Strauss Inc. purchased a new stake in ioneer in the 4th quarter worth $77,000. Finally, HRT Financial LP purchased a new stake in ioneer in the 4th quarter worth $83,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.