Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,600,000 shares, an increase of 40.6% from the February 13th total of 12,520,000 shares. Based on an average daily trading volume, of 7,020,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.5% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, Sibanye Stillwater currently has an average rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Trading Up 4.2 %

Shares of SBSW opened at $4.10 on Tuesday. The firm’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.95. The company has a market capitalization of $2.90 billion, a P/E ratio of 7.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 1-year low of $3.05 and a 1-year high of $5.93.

Institutional Investors Weigh In On Sibanye Stillwater

A number of institutional investors and hedge funds have recently bought and sold shares of SBSW. Goehring & Rozencwajg Associates LLC purchased a new stake in Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Raymond James Financial Inc. bought a new position in Sibanye Stillwater during the fourth quarter valued at approximately $5,814,000. D. E. Shaw & Co. Inc. grew its position in Sibanye Stillwater by 28.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after acquiring an additional 1,439,882 shares during the last quarter. Northern Trust Corp grew its position in Sibanye Stillwater by 1,673.5% during the fourth quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock valued at $3,347,000 after acquiring an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC bought a new position in Sibanye Stillwater during the fourth quarter valued at approximately $2,803,000. 34.93% of the stock is owned by hedge funds and other institutional investors.

About Sibanye Stillwater

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.