IperionX Limited (NASDAQ:IPX) Short Interest Update

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

IperionX Trading Down 1.4 %

Shares of NASDAQ:IPX traded down $0.39 on Monday, hitting $27.26. The company had a trading volume of 49,580 shares, compared to its average volume of 58,513. IperionX has a 1 year low of $10.00 and a 1 year high of $38.93. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The firm's 50-day simple moving average is $29.43 and its two-hundred day simple moving average is $22.39.

Hedge Funds Weigh In On IperionX

Several large investors have recently made changes to their positions in IPX. Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter valued at approximately $228,000. Tidal Investments LLC bought a new position in shares of IperionX during the third quarter valued at $368,000. Ballentine Partners LLC purchased a new stake in shares of IperionX during the third quarter valued at $529,000. Jane Street Group LLC increased its holdings in IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after buying an additional 15,202 shares in the last quarter. Finally, Stifel Financial Corp raised its position in IperionX by 34.3% in the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after buying an additional 179,650 shares during the last quarter. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.