Short Interest in ioneer Ltd (NASDAQ:IONR) Declines By 46.2%

ioneer Ltd (NASDAQ:IONR) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 24,900 shares, a decline of 46.2% from the February 28th total of 46,300 shares. Based on an average trading volume of 32,800 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ioneer stock. Bank of America Corp DE acquired a new position in ioneer Ltd (NASDAQ:IONR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,546 shares of the company’s stock, valued at approximately $26,000.

ioneer Trading Up 3.4 %

IONR stock traded up $0.13 during trading on Friday, hitting $3.96. 6,125 shares of the company traded hands, compared to its average volume of 22,383. The company has a 50-day moving average of $4.25 and a 200-day moving average of $5.01. ioneer has a 1 year low of $3.05 and a 1 year high of $9.35.

About ioneer

ioneer Ltd explores for and develops mineral properties in North America. Its flagship property is the Rhyolite Ridge lithium-boron project located in the state of Nevada, the United States. The company was formerly known as Global Geoscience Limited and changed its name to ioneer Ltd in November 2018.