IGO Limited (OTCMKTS:IPGDF) Sees Significant Growth in Short Interest

IGO Limited (OTCMKTS:IPGDF) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 5,754,400 shares, an increase of 28.3% from the November 30th total of 4,485,700 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

IGO Price Performance

IGO stock opened at $3.10 on Tuesday. The business has a fifty day moving average price of $3.27 and a 200-day moving average price of $3.61. IGO has a 1-year low of $2.81 and a 1-year high of $6.35.

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.