IperionX Limited (NASDAQ:IPX) Short Interest Update

IperionX Limited (NASDAQ:IPX) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 63,800 shares, an increase of 38.4% from the November 15th total of 46,100 shares. Based on an average trading volume of 41,500 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Symmetry Peak Management LLC bought a new position in IperionX in the third quarter worth $228,000. Tidal Investments LLC purchased a new position in IperionX during the 3rd quarter valued at about $368,000. Ballentine Partners LLC bought a new stake in IperionX during the third quarter worth about $529,000. Jane Street Group LLC grew its holdings in IperionX by 134.2% in the third 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. Finally, Stifel Financial Corp increased its stake in shares of IperionX by 34.3% during the third 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 in the last quarter. Hedge funds and other institutional investors own 2.76% of the company’s stock.

IperionX Price Performance

IPX traded up $0.45 on Friday, hitting $28.43. The company had a trading volume of 20,546 shares, compared to its average volume of 32,959. The stock has a fifty day simple moving average of $25.26 and a 200-day simple moving average of $19.36. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. IperionX has a 52-week low of $8.68 and a 52-week high of $31.60.

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.