ioneer Ltd (NASDAQ:IONR) Sees Significant Growth in Short Interest

ioneer Ltd (NASDAQ:IONR) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 66,800 shares, an increase of 496.4% from the October 15th total of 11,200 shares. Based on an average daily trading volume, of 30,000 shares, the days-to-cover ratio is currently 2.2 days.

ioneer Price Performance

Shares of IONR stock traded up $0.25 during mid-day trading on Tuesday, hitting $5.96. 15,204 shares of the company’s stock were exchanged, compared to its average volume of 17,324. The stock has a 50-day simple moving average of $6.01 and a two-hundred day simple moving average of $5.00. ioneer has a fifty-two week low of $2.90 and a fifty-two week 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.