IperionX Limited (NASDAQ:IPX) Short Interest Update

by · The Cerbat Gem

IperionX Limited (NASDAQ:IPX – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 35,400 shares, a drop of 11.1% from the September 30th total of 39,800 shares. Based on an average daily trading volume, of 29,200 shares, the days-to-cover ratio is presently 1.2 days.

IperionX Trading Down 3.2 %

IPX traded down $0.72 during trading on Thursday, hitting $21.65. 33,225 shares of the company’s stock traded hands, compared to its average volume of 31,073. IperionX has a 12-month low of $8.40 and a 12-month high of $25.50. The company’s 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $16.53. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.

Institutional Trading of IperionX

Several large investors have recently modified their holdings of IPX. EntryPoint Capital LLC bought a new position in IperionX during the first quarter valued at $33,000. Ballentine Partners LLC purchased a new position in shares of IperionX during the third quarter valued at $529,000. Finally, B. Riley Financial Inc. raised its holdings in shares of IperionX by 3.3% in the 1st quarter. B. Riley Financial Inc. now owns 337,762 shares of the company’s stock valued at $5,036,000 after purchasing an additional 10,684 shares in the last quarter. Institutional investors own 2.76% of the company’s stock.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on IperionX

IperionX Company Profile

(Get Free Report)

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.

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