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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 907,500 shares, a decline of 8.9% from the October 31st total of 996,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily volume of 109,200 shares, the days-to-cover ratio is presently 8.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials in the second quarter valued at about $83,000. AQR Capital Management LLC acquired a new stake in 5E Advanced Materials during the second quarter worth about $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in 5E Advanced Materials during the second quarter worth about $61,000. Finally, Geode Capital Management LLC grew its holdings in 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after acquiring an additional 51,668 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FEAM shares. DA Davidson reiterated a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a report on Thursday, September 5th. Maxim Group lowered their target price 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.

5E Advanced Materials Stock Down 4.3 %

Shares of NASDAQ FEAM traded down $0.02 during mid-day trading on Tuesday, reaching $0.45. 47,487 shares of the company were exchanged, compared to its average volume of 159,790. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91. 5E Advanced Materials has a 1 year low of $0.40 and a 1 year high of $2.48. The firm has a 50-day moving average of $0.53 and a 200 day moving average of $0.87.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings results on Monday, September 9th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.16). On average, equities analysts predict that 5E Advanced Materials will post -0.4 EPS for the current fiscal year.

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.