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

IperionX Limited (NASDAQ:IPX) saw a large increase in short interest in the month of 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 volume of 49,900 shares, the days-to-cover ratio is presently 1.1 days.

Analysts Set New Price Targets

Separately, B. Riley started coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 target price for the company.

IperionX Stock Performance

IperionX stock opened at $27.26 on Tuesday. IperionX has a 1-year low of $10.00 and a 1-year 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. The firm’s 50 day simple moving average is $29.43 and its 200 day simple moving average is $22.39.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Symmetry Peak Management LLC purchased a new position in shares of IperionX during the third quarter worth about $228,000. Tidal Investments LLC bought a new stake in IperionX during the third quarter valued at approximately $368,000. Ballentine Partners LLC purchased a new position in IperionX in the 3rd quarter worth approximately $529,000. Jane Street Group LLC increased its holdings in shares of 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 during the last quarter. Finally, Stifel Financial Corp raised 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 buying an additional 179,650 shares in the last quarter. 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.