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

ioneer Ltd (NASDAQ:IONR) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 49,500 shares, a growth of 21.9% from the December 15th total of 40,600 shares. Based on an average trading volume of 33,400 shares, the days-to-cover ratio is presently 1.5 days.

ioneer Price Performance

Shares of NASDAQ:IONR traded up $0.94 on Friday, hitting $5.23. 526,943 shares of the company traded hands, compared to its average volume of 72,803. The stock has a 50 day simple moving average of $4.70 and a 200-day simple moving average of $4.83. ioneer has a 52 week low of $2.90 and a 52 week high of $9.35.

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.