IperionX Limited (NASDAQ:IPX) Short Interest Update

IperionX Limited (NASDAQ:IPX) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 65,200 shares, an increase of 68.0% from the January 31st total of 38,800 shares. Based on an average trading volume of 62,400 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IPX. Bank of America Corp DE boosted its position in shares of IperionX by 15.8% in the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock worth $832,000 after purchasing an additional 3,293 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of IperionX in the 4th quarter valued at about $241,000. Citadel Advisors LLC purchased a new position in shares of IperionX in the 4th quarter valued at about $283,000. Corigliano Investment Advisers LLC purchased a new stake in IperionX during the 4th quarter worth approximately $344,000. Finally, Symmetry Peak Management LLC acquired a new position in shares of IperionX during the 3rd quarter worth approximately $228,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

IperionX Stock Down 0.1 %

IperionX stock traded down $0.03 during midday trading on Friday, reaching $23.70. 133,353 shares of the stock traded hands, compared to its average volume of 66,001. IperionX has a 12 month low of $12.50 and a 12 month high of $38.93. The stock’s fifty day moving average is $28.49 and its 200-day moving average is $24.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.

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.