Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 16,910,000 shares, a decrease of 18.8% from the August 15th total of 20,820,000 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 5,290,000 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, July 3rd. BMO Capital Markets dropped their target price on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Friday. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and an average price target of $5.17.

Sibanye Stillwater Trading Up 1.0 %

Shares of NYSE:SBSW traded up $0.04 during trading hours on Tuesday, hitting $4.24. The company’s stock had a trading volume of 5,262,964 shares, compared to its average volume of 5,995,326. The firm’s fifty day moving average price is $4.20 and its 200 day moving average price is $4.60. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $6.99.

Institutional Investors Weigh In On Sibanye Stillwater

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP raised its holdings in Sibanye Stillwater by 3,256.8% in the second quarter. Marshall Wace LLP now owns 5,315,274 shares of the company’s stock worth $23,121,000 after purchasing an additional 5,156,931 shares in the last quarter. Lingotto Investment Management LLP grew its stake in shares of Sibanye Stillwater by 28.5% during the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock worth $119,283,000 after acquiring an additional 4,865,997 shares during the last quarter. Millennium Management LLC raised its position in shares of Sibanye Stillwater by 65.1% in the 2nd quarter. Millennium Management LLC now owns 1,335,331 shares of the company’s stock valued at $5,809,000 after purchasing an additional 526,724 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Sibanye Stillwater by 53.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company’s stock valued at $4,385,000 after purchasing an additional 349,835 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Sibanye Stillwater by 685.5% in the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company’s stock worth $1,634,000 after buying an additional 327,837 shares during the last quarter. 34.93% of the stock is currently 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.