5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Large Drop in Short Interest

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 47,100 shares, a drop of 45.0% from the August 31st total of 85,600 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 65,000 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 65,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.7% of the shares of the company are short sold.

5E Advanced Materials Trading Up 15.6%

Shares of FEAM stock traded up $0.64 during mid-day trading on Monday, reaching $4.73. The stock had a trading volume of 243,996 shares, compared to its average volume of 42,125. 5E Advanced Materials has a 12-month low of $2.82 and a 12-month high of $24.84. The company has a market cap of $106.14 million, a P/E ratio of -0.30 and a beta of 1.55. The business has a 50-day simple moving average of $3.84 and a 200 day simple moving average of $4.00.

Insider Activity at 5E Advanced Materials

In other 5E Advanced Materials news, Director Ascend Global Investment Fund purchased 100,000 shares of 5E Advanced Materials stock in a transaction on Monday, August 25th. The stock was bought at an average cost of $3.50 per share, with a total value of $350,000.00. Following the transaction, the director owned 7,830,646 shares of the company’s stock, valued at $27,407,261. This represents a 1.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bep Special Situations Iv Llc purchased 100,000 shares of 5E Advanced Materials stock in a transaction on Monday, August 25th. The shares were acquired at an average cost of $3.50 per share, with a total value of $350,000.00. Following the completion of the transaction, the director directly owned 7,597,349 shares in the company, valued at $26,590,721.50. The trade was a 1.33% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 203,053 shares of company stock valued at $710,686 over the last ninety days. 0.50% of the stock is currently owned by insiders.

Institutional Trading of 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc acquired a new stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 188,917 shares of the company’s stock, valued at approximately $665,000. Marex Group plc owned about 0.94% of 5E Advanced Materials as of its most recent SEC filing.

Analyst Ratings Changes

Several brokerages have recently weighed in on FEAM. Wall Street Zen raised shares of 5E Advanced Materials to a “sell” rating in a research report on Saturday. HC Wainwright initiated coverage on shares of 5E Advanced Materials in a research note on Tuesday, September 2nd. They set a “buy” rating and a $7.50 price target on the stock. Maxim Group set a $7.00 price target on shares of 5E Advanced Materials and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.25.

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.