IperionX Limited (NASDAQ:IPX) Sees Large Increase in Short Interest

IperionX Limited (NASDAQ:IPX) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 55,400 shares, a growth of 5.3% from the December 15th total of 52,600 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC acquired a new position in IperionX during the 3rd quarter worth about $368,000. Jane Street Group LLC lifted its stake in shares of IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after acquiring an additional 15,202 shares during the period. Stifel Financial Corp boosted its holdings in IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after acquiring an additional 179,650 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in IperionX during the 3rd quarter valued at approximately $228,000. Finally, Ballentine Partners LLC bought a new position in IperionX during the 3rd quarter worth approximately $529,000. Institutional investors own 2.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on IperionX in a report on Thursday, October 10th. They set a “buy” rating and a $30.00 price target for the company.

IperionX Price Performance

IperionX stock opened at $27.26 on Monday. The stock has a 50-day moving average price of $29.41 and a two-hundred day moving average price of $22.32. IperionX has a 12 month low of $10.00 and a 12 month high of $38.93. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.

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.