IperionX Limited (NASDAQ:IPX) Short Interest Up 5.3% in January

IperionX Limited (NASDAQ:IPX) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 55,400 shares, an increase of 5.3% from the December 31st total of 52,600 shares. Based on an average trading volume of 49,900 shares, the days-to-cover ratio is currently 1.1 days.

Wall Street Analyst Weigh In

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

IperionX Trading Down 2.5 %

IPX stock opened at $25.46 on Tuesday. The firm’s 50-day simple moving average is $29.24 and its 200 day simple moving average is $23.10. IperionX has a fifty-two week low of $11.82 and a fifty-two week high of $38.93. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Symmetry Peak Management LLC bought a new stake in shares of IperionX during the 3rd quarter worth about $228,000. Tidal Investments LLC acquired a new position in shares of IperionX during the third quarter valued at approximately $368,000. Ballentine Partners LLC acquired a new stake in IperionX in the third quarter worth approximately $529,000. Jane Street Group LLC boosted its stake in IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after purchasing an additional 15,202 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after purchasing an additional 179,650 shares during the period. Institutional investors own 2.76% of the company’s stock.

IperionX Company Profile

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.