ioneer Ltd (NASDAQ:IONR) Sees Large Decline in Short Interest

ioneer Ltd (NASDAQ:IONR) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 41,300 shares, a drop of 7.4% from the November 15th total of 44,600 shares. Based on an average trading volume of 33,600 shares, the days-to-cover ratio is presently 1.2 days.

ioneer Stock Down 6.8 %

Shares of NASDAQ IONR traded down $0.29 during trading hours on Monday, reaching $4.05. The stock had a trading volume of 19,849 shares, compared to its average volume of 17,557. ioneer has a fifty-two week low of $2.90 and a fifty-two week high of $9.35. The firm has a 50-day moving average of $6.10 and a 200-day moving average of $4.91.

ioneer Company Profile

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.