Short Interest in IGO Limited (OTCMKTS:IPGDF) Grows By 97.3%

IGO Limited (OTCMKTS:IPGDF) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 4,485,700 shares, a growth of 97.3% from the November 15th total of 2,273,900 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 44,857.0 days.

IGO Price Performance

Shares of OTCMKTS IPGDF remained flat at $3.21 during mid-day trading on Friday. The company’s 50-day moving average price is $3.48 and its two-hundred day moving average price is $3.75. IGO has a 1-year low of $3.01 and a 1-year high of $6.35.

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.