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

IperionX Limited (NASDAQ:IPX) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 55,400 shares, an increase of 5.3% from the December 15th 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.

Wall Street Analysts Forecast Growth

Separately, B. Riley started coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 price objective on the stock.

IperionX Trading Down 1.4 %

Shares of NASDAQ IPX traded down $0.39 during trading hours on Friday, hitting $27.26. 49,580 shares of the company traded hands, compared to its average volume of 58,513. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The company’s 50 day moving average price is $29.41 and its 200 day moving average price is $22.28. IperionX has a 12 month low of $10.00 and a 12 month high of $38.93.

Hedge Funds Weigh In On IperionX

Large investors have recently bought and sold shares of the business. Symmetry Peak Management LLC purchased a new position in IperionX during the 3rd quarter valued at $228,000. Tidal Investments LLC purchased a new position in IperionX during the 3rd quarter valued at $368,000. Ballentine Partners LLC purchased a new position in IperionX during the 3rd quarter valued at $529,000. Jane Street Group LLC boosted its holdings in IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares during the period. Finally, Stifel Financial Corp boosted its holdings in IperionX by 34.3% during the 3rd 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 period. Hedge funds and other institutional investors own 2.76% of the company’s 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.