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

IGO Limited (OTCMKTS:IPGDF) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 6,490,400 shares, an increase of 12.8% from the December 15th total of 5,754,400 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 10,817.3 days.

IGO Stock Performance

OTCMKTS:IPGDF opened at $3.04 on Monday. The firm’s fifty day moving average price is $3.16 and its 200 day moving average price is $3.52. IGO has a 1-year low of $2.81 and a 1-year high of $5.32.

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.