Short Interest in IperionX Limited (NASDAQ:IPX) Grows By 66.8%

IperionX Limited (NASDAQ:IPX) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 83,900 shares, a growth of 66.8% from the August 15th total of 50,300 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is currently 4.1 days.

IperionX Stock Performance

Shares of NASDAQ IPX traded down $0.29 during mid-day trading on Friday, hitting $17.96. 8,094 shares of the stock were exchanged, compared to its average volume of 29,006. The stock’s fifty day simple moving average is $15.71 and its two-hundred day simple moving average is $14.89. IperionX has a twelve month low of $7.20 and a twelve month high of $19.99.

Analyst Ratings Changes

Separately, ThinkEquity upgraded shares of IperionX to a “strong-buy” rating in a research note on Tuesday, June 25th.

Hedge Funds Weigh In On IperionX

An institutional investor recently raised its position in IperionX stock. B. Riley Financial Inc. raised its holdings in IperionX Limited (NASDAQ:IPX) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 337,762 shares of the company’s stock after buying an additional 10,684 shares during the period. IperionX accounts for about 4.9% of B. Riley Financial Inc.’s portfolio, making the stock its 4th largest holding. B. Riley Financial Inc. owned about 1.48% of IperionX worth $5,036,000 as of its most recent SEC filing. 2.76% of the stock is owned by institutional investors.

IperionX Company Profile

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.