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

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

Analysts Set New Price Targets

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

5E Advanced Materials Price Performance

Shares of 5E Advanced Materials stock traded down $0.03 during mid-day trading on Monday, reaching $0.36. 114,498 shares of the stock traded hands, compared to its average volume of 226,105. The business has a 50-day moving average of $0.51 and a 200 day moving average of $0.61. 5E Advanced Materials has a fifty-two week low of $0.34 and a fifty-two week high of $2.48. The stock has a market capitalization of $25.01 million, a PE ratio of -0.32 and a beta of 1.57. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91.

Institutional Investors Weigh In On 5E Advanced Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEAM. AQR Capital Management LLC purchased a new stake in 5E Advanced Materials in the second quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in 5E Advanced Materials during the 2nd quarter worth $61,000. Cubist Systematic Strategies LLC purchased a new stake in 5E Advanced Materials during the 2nd quarter worth about $83,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 5E Advanced Materials by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after purchasing an additional 51,668 shares during the last quarter.

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.