IGO Limited (OTCMKTS:IPGDF) Sees Large Increase in Short Interest

IGO Limited (OTCMKTS:IPGDF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,754,400 shares, an increase of 28.3% from the November 30th total of 4,485,700 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

IGO Stock Performance

OTCMKTS IPGDF opened at $3.10 on Tuesday. The stock’s 50 day simple moving average is $3.27 and its 200 day simple moving average is $3.61. IGO has a one year low of $2.81 and a one year high of $6.35.

IGO Company Profile

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.