IperionX Limited (NASDAQ:IPX - Get Free Report) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 63,800 shares, a growth of 38.4% from the November 15th total of 46,100 shares. Based on an average daily volume of 41,500 shares, the short-interest ratio is currently 1.5 days.
Hedge Funds Weigh In On IperionX
A number of hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new position in IperionX in the third quarter worth about $368,000. Jane Street Group LLC raised its position in shares of IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after purchasing an additional 15,202 shares during the period. Stifel Financial Corp lifted its holdings in shares of 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 purchasing an additional 179,650 shares during the last quarter. Symmetry Peak Management LLC acquired a new position in IperionX during the 3rd quarter valued at approximately $228,000. Finally, Ballentine Partners LLC bought a new position in IperionX during the 3rd quarter worth $529,000. Institutional investors and hedge funds own 2.76% of the company's stock.
IperionX Stock Performance
Shares of IPX traded up $0.45 during mid-day trading on Friday, hitting $28.43. The stock had a trading volume of 20,546 shares, compared to its average volume of 32,959. IperionX has a fifty-two week low of $8.68 and a fifty-two week high of $31.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The company's fifty day simple moving average is $25.26 and its two-hundred day simple moving average is $19.36.
Wall Street Analyst Weigh In
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.
Get Our Latest Stock Analysis on IPX
About IperionX
(
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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