5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Significant Increase in Short Interest

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,080,000 shares, an increase of 12.9% from the December 31st total of 956,500 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily volume of 164,800 shares, the short-interest ratio is currently 6.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 5E Advanced Materials in a research report on Saturday, January 18th.

5E Advanced Materials Trading Down 8.1 %

FEAM traded down $0.03 on Monday, reaching $0.36. 114,498 shares of the company’s stock were exchanged, compared to its average volume of 226,105. The company has a market cap of $25.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08. 5E Advanced Materials has a twelve month low of $0.34 and a twelve month high of $2.48. The company’s 50 day moving average is $0.51 and its 200-day moving average is $0.61.

Hedge Funds Weigh In On 5E Advanced Materials

Several hedge funds and other institutional investors have recently made changes to their positions in FEAM. AQR Capital Management LLC acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $27,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials in the 2nd quarter worth approximately $61,000. Geode Capital Management LLC grew its position in 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of 5E Advanced Materials during the second quarter valued at approximately $83,000.

About 5E Advanced Materials

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.