5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 95.5% in February

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 50,400 shares, a decline of 95.5% from the January 31st total of 1,120,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 3.7 days.

Analysts Set New Price Targets

Several research firms recently weighed in on FEAM. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, February 19th. Maxim Group dropped their price objective on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, February 19th.

Institutional Investors Weigh In On 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC boosted its stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the period. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent quarter.

5E Advanced Materials Stock Up 2.2 %

Shares of FEAM traded up $0.11 during mid-day trading on Friday, hitting $4.89. 9,438 shares of the company traded hands, compared to its average volume of 16,993. The business has a 50 day moving average of $10.11 and a 200 day moving average of $11.96. The company has a market capitalization of $14.64 million, a PE ratio of -0.19 and a beta of 1.57. 5E Advanced Materials has a 1-year low of $3.60 and a 1-year high of $48.30. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. Equities research analysts anticipate that 5E Advanced Materials will post -9.22 EPS for the current year.

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.