5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 51.0% in December

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 144,868 shares, a decline of 51.0% from the November 30th total of 295,701 shares. Based on an average trading volume of 64,317 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 64,317 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FEAM. Hohimer Wealth Management LLC purchased a new stake in shares of 5E Advanced Materials in the third quarter valued at about $785,000. Woodward Diversified Capital LLC bought a new stake in 5E Advanced Materials during the 3rd quarter worth approximately $49,000. Finally, Marex Group plc bought a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at about $665,000.

5E Advanced Materials Stock Performance

Shares of NASDAQ:FEAM traded down $0.23 during midday trading on Monday, hitting $3.16. 67,070 shares of the stock were exchanged, compared to its average volume of 74,396. The business’s 50-day moving average price is $4.22 and its 200 day moving average price is $4.08. 5E Advanced Materials has a 12 month low of $2.82 and a 12 month high of $24.84. The stock has a market capitalization of $70.80 million, a price-to-earnings ratio of -0.45 and a beta of 1.61.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.07. As a group, sell-side analysts expect that 5E Advanced Materials will post -9.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FEAM. Maxim Group set a $7.00 target price on 5E Advanced Materials and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, October 8th. Wall Street Zen raised shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. HC Wainwright restated a “buy” rating and issued a $9.25 price target on shares of 5E Advanced Materials in a research note on Friday, November 21st. Finally, Zacks Research upgraded shares of 5E Advanced Materials to a “hold” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, 5E Advanced Materials has a consensus rating of “Hold” and a consensus target price of $8.13.

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.