IperionX Limited (NASDAQ:IPX) Short Interest Update

IperionX Limited (NASDAQ:IPX) was the recipient of a significant growth in short interest during the month of 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 currently 1.1 days.

Hedge Funds Weigh In On IperionX

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

IperionX Stock Performance

Shares of NASDAQ:IPX opened at $27.26 on Monday. The business’s 50 day moving average is $29.41 and its 200 day moving average is $22.32. IperionX has a 12-month low of $10.00 and a 12-month high of $38.93. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Analyst Ratings Changes

Separately, B. Riley started coverage on shares of IperionX in a report on Thursday, October 10th. They issued a “buy” rating and a $30.00 target price on the stock.

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.