5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 12.9% in December

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 1,080,000 shares, a growth of 12.9% from the December 15th total of 956,500 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily volume of 164,800 shares, the days-to-cover ratio is presently 6.6 days.

5E Advanced Materials Price Performance

Shares of FEAM traded down $0.02 during trading hours on Friday, reaching $0.47. The company had a trading volume of 158,858 shares, compared to its average volume of 354,109. The firm has a 50 day simple moving average of $0.51 and a 200-day simple moving average of $0.66. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91. The company has a market capitalization of $32.58 million, a price-to-earnings ratio of -0.42 and a beta of 1.64. 5E Advanced Materials has a 12-month low of $0.38 and a 12-month high of $2.48.

Hedge Funds Weigh In On 5E Advanced Materials

A number of large investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new position in 5E Advanced Materials during the 2nd quarter valued at about $83,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials during the 2nd quarter valued at about $61,000. AQR Capital Management LLC purchased a new position in 5E Advanced Materials during the 2nd quarter valued at about $27,000. Finally, Geode Capital Management LLC increased its holdings in 5E Advanced Materials by 11.8% during the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after acquiring an additional 51,668 shares in the last quarter.

5E Advanced Materials Company Profile

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.