Short Interest in IGO Limited (OTCMKTS:IPGDF) Expands By 97.3%

IGO Limited (OTCMKTS:IPGDF) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 4,485,700 shares, an increase of 97.3% from the November 15th total of 2,273,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 44,857.0 days.

IGO Price Performance

Shares of IGO stock remained flat at $3.21 during trading on Friday. IGO has a 1 year low of $3.01 and a 1 year high of $6.35. The business’s 50-day moving average is $3.48 and its two-hundred day moving average is $3.74.

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.