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

IperionX Limited (NASDAQ:IPX) was the target of a significant increase in short interest during the month of 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 trading volume of 62,400 shares, the short-interest ratio is presently 1.0 days.

Hedge Funds Weigh In On IperionX

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in IperionX by 15.8% in the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock valued at $832,000 after buying an additional 3,293 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in IperionX in the fourth quarter valued at approximately $241,000. Citadel Advisors LLC acquired a new position in IperionX during the fourth quarter worth approximately $283,000. Corigliano Investment Advisers LLC acquired a new position in IperionX during the fourth quarter worth approximately $344,000. Finally, Symmetry Peak Management LLC purchased a new position in IperionX during the third quarter worth approximately $228,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.

IperionX Trading Down 1.0 %

Shares of NASDAQ:IPX traded down $0.22 during trading on Tuesday, reaching $21.67. The stock had a trading volume of 34,265 shares, compared to its average volume of 64,982. IperionX has a fifty-two week low of $12.50 and a fifty-two week high of $38.93. The business has a fifty day moving average price of $28.34 and a 200-day moving average price of $24.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.

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.