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

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

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC lifted its stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 487,922 shares of the company’s stock after acquiring an additional 51,668 shares during the quarter. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent filing with the Securities and Exchange Commission.

5E Advanced Materials Trading Down 2.5 %

Shares of NASDAQ FEAM traded down $0.12 during trading on Friday, reaching $4.66. The stock had a trading volume of 18,303 shares, compared to its average volume of 17,263. The company has a debt-to-equity ratio of 35.91, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $13.96 million, a P/E ratio of -0.19 and a beta of 1.57. 5E Advanced Materials has a fifty-two week low of $3.60 and a fifty-two week high of $48.30. The business’s 50-day moving average price is $9.98 and its 200-day moving average price is $11.86.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FEAM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, February 19th. Maxim Group reduced their price target on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

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.