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

ioneer Ltd (NASDAQ:IONR) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 19,800 shares, a decrease of 5.7% from the March 15th total of 21,000 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 1.5 days.

ioneer Stock Down 6.3 %

Shares of NASDAQ IONR opened at $5.20 on Thursday. ioneer has a twelve month low of $2.90 and a twelve month high of $11.09. The stock has a fifty day simple moving average of $4.22 and a 200-day simple moving average of $4.09.

Hedge Funds Weigh In On ioneer

A hedge fund recently raised its stake in ioneer stock. Advisor Group Holdings Inc. boosted its stake in shares of ioneer Ltd (NASDAQ:IONR) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,110 shares of the company’s stock after purchasing an additional 1,955 shares during the quarter. Advisor Group Holdings Inc.’s holdings in ioneer were worth $99,000 as of its most recent SEC filing.

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.