Short Interest in IperionX Limited (NASDAQ:IPX) Increases By 38.4%

IperionX Limited (NASDAQ:IPX) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 63,800 shares, an increase of 38.4% from the November 15th total of 46,100 shares. Based on an average trading volume of 41,500 shares, the short-interest ratio is currently 1.5 days.

IperionX Stock Up 0.8 %

IPX stock traded up $0.23 during trading on Friday, reaching $28.21. 19,384 shares of the company traded hands, compared to its average volume of 32,947. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The business has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $19.23. IperionX has a 12 month low of $8.68 and a 12 month high of $31.60.

Analyst Upgrades and Downgrades

Separately, B. Riley assumed coverage on shares of IperionX in a report on Thursday, October 10th. They set a “buy” rating and a $30.00 price objective on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Symmetry Peak Management LLC acquired a new position in IperionX during the 3rd quarter valued at about $228,000. Jane Street Group LLC increased its holdings in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of IperionX in the 3rd quarter valued at approximately $368,000. Ballentine Partners LLC acquired a new stake in IperionX in the 3rd quarter worth approximately $529,000. Finally, Stifel Financial Corp grew its position in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after purchasing an additional 179,650 shares during the last quarter. Hedge funds and other institutional investors own 2.76% of the company’s stock.

About IperionX

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.