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

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

IperionX Stock Up 3.8 %

IPX stock opened at $15.36 on Wednesday. The business has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $14.45. IperionX has a 52 week low of $6.95 and a 52 week high of $16.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC bought a new position in shares of IperionX Limited (NASDAQ:IPX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,220 shares of the company’s stock, valued at approximately $33,000. Institutional investors own 2.76% of the company’s stock.

Analysts Set New Price Targets

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

IperionX Company Profile

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.