IperionX Limited (NASDAQ:IPX) Short Interest Up 68.0% in February

IperionX Limited (NASDAQ:IPX) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 65,200 shares, an increase of 68.0% from the January 31st total of 38,800 shares. Based on an average daily trading volume, of 62,400 shares, the short-interest ratio is currently 1.0 days.

IperionX Trading Down 1.0 %

Shares of IperionX stock traded down $0.22 during trading on Tuesday, reaching $21.67. The company’s stock had a trading volume of 34,265 shares, compared to its average volume of 64,982. The business has a 50 day moving average price of $28.34 and a 200-day moving average price of $24.77. IperionX has a 12-month low of $12.50 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.

Institutional Investors Weigh In On IperionX

Several institutional investors have recently made changes to their positions in the stock. Symmetry Peak Management LLC purchased a new position in shares of IperionX in the 3rd quarter valued at about $228,000. Atlantic Union Bankshares Corp acquired a new stake in shares of IperionX in the 4th quarter worth approximately $241,000. Citadel Advisors LLC purchased a new stake in IperionX during the fourth quarter worth $283,000. Corigliano Investment Advisers LLC purchased a new position in shares of IperionX in the fourth quarter valued at $344,000. Finally, Tidal Investments LLC acquired a new stake in IperionX in the 3rd quarter valued at about $368,000. 2.76% of the stock is currently owned by hedge funds and other 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.