Short Interest in IperionX Limited (NASDAQ:IPX) Grows By 5.3%

IperionX Limited (NASDAQ:IPX) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 55,400 shares, a growth of 5.3% from the December 15th total of 52,600 shares. Based on an average daily trading volume, of 49,900 shares, the days-to-cover ratio is presently 1.1 days.

IperionX Stock Performance

IperionX stock opened at $27.26 on Tuesday. IperionX has a 52 week low of $10.00 and a 52 week high of $38.93. The company’s 50 day moving average price is $29.43 and its two-hundred day moving average price is $22.39. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on IperionX in a research note on Thursday, October 10th. They set a “buy” rating and a $30.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IPX. Stifel Financial Corp increased its position in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after purchasing an additional 179,650 shares during the last quarter. Ballentine Partners LLC purchased a new stake in IperionX during the third quarter worth about $529,000. Tidal Investments LLC bought a new stake in IperionX in the third quarter worth about $368,000. Jane Street Group LLC boosted its stake in IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares during the last quarter. Finally, Symmetry Peak Management LLC bought a new position in shares of IperionX during the 3rd quarter valued at approximately $228,000. Hedge funds and other institutional investors own 2.76% of the company’s stock.

About IperionX

IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.