ioneer Ltd (NASDAQ:IONR) Sees Significant Drop in Short Interest

ioneer Ltd (NASDAQ:IONR) was the recipient of a large 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 short-interest ratio is presently 1.2 days.

Institutional Trading of ioneer

Several hedge funds and other institutional investors have recently made changes to their positions in IONR. GK Wealth Management LLC increased its holdings 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 worth $113,000 after purchasing an additional 13,600 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of ioneer during the fourth quarter valued at $26,000. Finally, Townsquare Capital LLC purchased a new stake in shares of ioneer during the fourth quarter valued at $60,000.

ioneer Price Performance

Shares of ioneer stock opened at $2.85 on Wednesday. ioneer has a 12 month low of $2.85 and a 12 month high of $9.35. The business has a fifty day simple moving average of $3.48 and a two-hundred day simple moving average of $3.96.

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.