5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Update

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 956,500 shares, a growth of 5.2% from the November 30th total of 909,200 shares. Based on an average daily volume of 99,100 shares, the days-to-cover ratio is presently 9.7 days. Currently, 1.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Maxim Group cut their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a research report on Thursday, September 5th.

5E Advanced Materials Stock Down 36.0 %

Shares of NASDAQ:FEAM traded down $0.36 during midday trading on Wednesday, reaching $0.64. The company’s stock had a trading volume of 944,803 shares, compared to its average volume of 168,934. 5E Advanced Materials has a 12-month low of $0.38 and a 12-month high of $2.48. The firm has a 50 day moving average of $0.48 and a 200-day moving average of $0.72. The firm has a market capitalization of $44.09 million, a P/E ratio of -0.57 and a beta of 1.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91.

Institutional Investors Weigh In On 5E Advanced Materials

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in shares of 5E Advanced Materials in the 2nd quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials during the second quarter valued at approximately $61,000. Cubist Systematic Strategies LLC bought a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at $83,000. Finally, Geode Capital Management LLC boosted its holdings in 5E Advanced Materials by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after buying an additional 51,668 shares during the period.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.