IperionX Limited (NASDAQ:IPX) Sees Significant Drop in Short Interest

IperionX Limited (NASDAQ:IPX) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 46,600 shares, a decrease of 6.4% from the July 15th total of 49,800 shares. Based on an average daily trading volume, of 18,900 shares, the short-interest ratio is currently 2.5 days.

IperionX Stock Performance

IPX opened at $14.61 on Monday. The stock’s 50 day simple moving average is $14.49 and its 200-day simple moving average is $14.40. IperionX has a 1 year low of $6.90 and a 1 year high of $16.75.

Wall Street Analysts Forecast Growth

Separately, ThinkEquity raised IperionX to a “strong-buy” rating in a research report on Tuesday, June 25th.

Institutional Investors Weigh In On IperionX

An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC acquired a new position in shares of IperionX Limited (NASDAQ:IPX) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,220 shares of the company’s stock, valued at approximately $33,000. 2.76% of the stock is owned by institutional investors.

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.