Short Interest in IGO Limited (OTCMKTS:IPGDF) Increases By 12.8%

IGO Limited (OTCMKTS:IPGDF) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 6,490,400 shares, a growth of 12.8% from the December 31st total of 5,754,400 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 10,817.3 days.

IGO Stock Performance

IPGDF stock traded down $0.01 during midday trading on Monday, reaching $3.10. The company’s stock had a trading volume of 890 shares, compared to its average volume of 698. IGO has a 1 year low of $2.81 and a 1 year high of $5.32. The stock has a fifty day simple moving average of $3.10 and a two-hundred day simple moving average of $3.45.

About IGO

IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia.