IperionX Limited (NASDAQ:IPX) Short Interest Update

IperionX Limited (NASDAQ:IPX) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 55,400 shares, an increase of 5.3% from the December 31st total of 52,600 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On IperionX

Several institutional investors have recently modified their holdings of IPX. Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter valued at about $228,000. Tidal Investments LLC bought a new position in IperionX in the 3rd quarter valued at about $368,000. Ballentine Partners LLC bought a new position in IperionX in the 3rd quarter valued at about $529,000. Jane Street Group LLC grew its position in IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after buying an additional 15,202 shares in the last quarter. Finally, Stifel Financial Corp grew its position in IperionX by 34.3% in 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 Trading Up 2.4 %

IperionX stock opened at $26.11 on Monday. The company has a 50-day simple moving average of $29.31 and a 200-day simple moving average of $23.03. 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 one year low of $11.50 and a one year high of $38.93.

Analysts Set New Price Targets

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

About IperionX

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.