Short Interest in 5N Plus Inc. (OTCMKTS:FPLSF) Grows By 108.8%

5N Plus Inc. (OTCMKTS:FPLSF) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 501,158 shares, an increase of 108.8% from the May 31st total of 240,017 shares. Based on an average daily trading volume, of 55,836 shares, the short-interest ratio is currently 9.0 days. Currently, 0.6% of the company’s stock are short sold.

5N Plus Stock Performance

Shares of FPLSF stock opened at $32.03 on Thursday. The company has a fifty day moving average price of $28.62 and a two-hundred day moving average price of $22.31. 5N Plus has a one year low of $6.92 and a one year high of $44.91. The stock has a market cap of $2.88 billion, a P/E ratio of 49.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.69 and a quick ratio of 1.30.

5N Plus (OTCMKTS:FPLSF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The company had revenue of $117.89 million for the quarter, compared to analyst estimates of $104.04 million. 5N Plus had a net margin of 13.99% and a return on equity of 28.72%.

Wall Street Analyst Weigh In

Separately, Scotiabank initiated coverage on 5N Plus in a report on Monday, June 22nd. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

About 5N Plus

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high‐purity metals and compounds for advanced technology markets. The company’s product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five‐nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high‐purity research to a global manufacturing and distribution platform.