Short Interest in IGO Limited (OTCMKTS:IPGDF) Rises By 12.8%

IGO Limited (OTCMKTS:IPGDF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 6,490,400 shares, an increase of 12.8% from the December 15th 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 Performance

Shares of OTCMKTS:IPGDF remained flat at $3.04 during mid-day trading on Friday. The business’s 50 day moving average price is $3.16 and its 200-day moving average price is $3.52. IGO has a 12 month low of $2.81 and a 12 month high of $5.32.

IGO Company Profile

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.