ioneer Ltd (NASDAQ:IONR) Short Interest Down 46.2% in March

ioneer Ltd (NASDAQ:IONR) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 24,900 shares, a drop of 46.2% from the February 28th total of 46,300 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On ioneer

A hedge fund recently bought a new stake in ioneer stock. Townsquare Capital LLC purchased a new position in ioneer Ltd (NASDAQ:IONR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,950 shares of the company’s stock, valued at approximately $60,000.

ioneer Stock Performance

Shares of IONR traded up $0.13 during mid-day trading on Friday, reaching $3.96. The company had a trading volume of 6,125 shares, compared to its average volume of 22,383. The firm has a 50-day moving average price of $4.25 and a 200 day moving average price of $5.01. ioneer has a 52 week low of $3.05 and a 52 week high of $9.35.

ioneer Company Profile

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.