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

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

IGO Stock Down 0.3 %

Shares of IGO stock traded down $0.01 during midday trading on Monday, reaching $3.10. 890 shares of the company’s stock traded hands, compared to its average volume of 698. The company’s 50 day simple moving average is $3.10 and its 200 day simple moving average is $3.45. IGO has a 52 week low of $2.81 and a 52 week 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.