IperionX Limited (NASDAQ:IPX) Short Interest Up 5.3% in January

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

IperionX Trading Down 2.5 %

IperionX stock opened at $25.46 on Tuesday. IperionX has a twelve month low of $11.82 and a twelve 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. The firm’s 50 day moving average price is $29.24 and its two-hundred day moving average price is $23.10.

Hedge Funds Weigh In On IperionX

A number of hedge funds have recently modified their holdings of the stock. Symmetry Peak Management LLC purchased a new position in IperionX in the third quarter valued at about $228,000. Tidal Investments LLC acquired a new stake in shares of IperionX during the 3rd quarter valued at about $368,000. Ballentine Partners LLC bought a new stake in shares of IperionX in the 3rd quarter valued at approximately $529,000. Jane Street Group LLC increased its holdings in 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 buying an additional 15,202 shares during the last quarter. Finally, Stifel Financial Corp raised its position in IperionX by 34.3% during 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 in the last quarter. 2.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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