IperionX Limited (NASDAQ:IPX – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 27,000 shares, a drop of 18.2% from the August 15th total of 33,000 shares. Based on an average trading volume of 261,400 shares, the short-interest ratio is presently 0.1 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in IperionX stock. B. Riley Financial Inc. purchased a new position in IperionX Limited (NASDAQ:IPX – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 439,500 shares of the company’s stock, valued at approximately $3,204,000. IperionX comprises about 0.8% of B. Riley Financial Inc.’s holdings, making the stock its 10th biggest position. B. Riley Financial Inc. owned 2.27% of IperionX at the end of the most recent quarter. Institutional investors and hedge funds own 3.75% of the company’s stock.
IperionX Trading Down 4.0 %
NASDAQ:IPX opened at $9.84 on Tuesday. IperionX has a twelve month low of $4.31 and a twelve month high of $18.57. The company has a fifty day moving average of $7.68 and a 200-day moving average of $6.90.
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.
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