ioneer Ltd (NASDAQ:IONR – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 109,081 shares, a decline of 52.7% from the April 15th total of 230,600 shares. Based on an average trading volume of 77,453 shares, the short-interest ratio is presently 1.4 days.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of ioneer in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Stock Analysis on IONR
ioneer Trading Down 8.1%
ioneer (NASDAQ:IONR – Get Free Report) last issued its quarterly earnings data on Friday, January 23rd. The company reported ($0.03) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On ioneer
A number of hedge funds have recently modified their holdings of IONR. Marshall Wace LLP purchased a new stake in ioneer in the 4th quarter worth $793,000. Virtu Financial LLC purchased a new stake in ioneer in the 4th quarter worth $96,000. Millennium Management LLC purchased a new stake in ioneer in the 4th quarter worth $96,000. OLD Mission Capital LLC purchased a new stake in ioneer in the 4th quarter worth $88,000. Finally, HRT Financial LP purchased a new stake in ioneer in the 4th quarter worth $83,000.
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.
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