Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Declines By 25.1%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 170,528 shares, a decrease of 25.1% from the February 26th total of 227,715 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 216,959 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FEAM shares. HC Wainwright lowered their target price on shares of 5E Advanced Materials from $9.25 to $5.75 and set a “buy” rating for the company in a report on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.38.

5E Advanced Materials Stock Performance

NASDAQ FEAM traded up $0.13 on Tuesday, reaching $1.35. The stock had a trading volume of 93,258 shares, compared to its average volume of 341,729. The stock has a market cap of $31.81 million, a P/E ratio of -0.50 and a beta of 1.60. 5E Advanced Materials has a 12-month low of $1.17 and a 12-month high of $7.50. The business’s 50-day moving average price is $2.11 and its 200 day moving average price is $3.46.

5E Advanced Materials (NASDAQ:FEAM) last announced its earnings results on Tuesday, February 17th. The company reported ($0.48) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. On average, sell-side analysts predict that 5E Advanced Materials will post -9.22 earnings per share for the current year.

Insider Transactions at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc purchased 4,000,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were bought at an average cost of $2.00 per share, for a total transaction of $8,000,000.00. Following the completion of the purchase, the director directly owned 12,130,997 shares of the company’s stock, valued at approximately $24,261,994. This trade represents a 49.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On 5E Advanced Materials

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bluescape Energy Partners LLC boosted its stake in shares of 5E Advanced Materials by 7.0% during the fourth quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock worth $24,800,000 after buying an additional 533,648 shares during the period. Hohimer Wealth Management LLC acquired a new position in 5E Advanced Materials in the 3rd quarter valued at about $785,000. Mercer Global Advisors Inc. ADV acquired a new position in 5E Advanced Materials in the 4th quarter valued at about $674,000. Marex Group plc purchased a new stake in 5E Advanced Materials during the 2nd quarter valued at approximately $665,000. Finally, Marshall Wace LLP acquired a new stake in 5E Advanced Materials during the 4th quarter worth approximately $282,000.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.