Short Interest in IGO Limited (OTCMKTS:IPGDF) Expands By 51.9%

IGO Limited (OTCMKTS:IPGDF) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,200,000 shares, a growth of 51.9% from the October 15th total of 1,448,600 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 5,500.0 days.

IGO Price Performance

IPGDF stock remained flat at $3.41 during trading on Friday. IGO has a 52-week low of $3.01 and a 52-week high of $6.35. The firm has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $4.01.

About IGO

IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located to the east northeast of Norseman in the Great Western Woodlands of Western Australia; a 100% interest in the Cosmos nickel operation located to the north of Leinster in Western Australia; and a 100% interest in the Forrestania nickel operation located to the east of Perth in Western Australia.