Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Expands By 228.0%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,201,149 shares, a growth of 228.0% from the January 15th total of 366,198 shares. Based on an average daily volume of 462,485 shares, the days-to-cover ratio is currently 2.6 days. Currently, 5.1% of the company’s shares are sold short. Currently, 5.1% of the company’s shares are sold short. Based on an average daily volume of 462,485 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc bought 4,000,000 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the purchase, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of 5E Advanced Materials

Several hedge funds have recently bought and sold shares of FEAM. State Street Corp purchased a new position in shares of 5E Advanced Materials during the fourth quarter valued at about $37,000. Summit Financial Strategies Inc. purchased a new position in 5E Advanced Materials during the 4th quarter valued at approximately $37,000. Woodward Diversified Capital LLC bought a new position in shares of 5E Advanced Materials during the 3rd quarter valued at approximately $49,000. Goldman Sachs Group Inc. bought a new position in 5E Advanced Materials during the fourth quarter valued at $69,000. Finally, LeClair Wealth Partners LLC grew its position in 5E Advanced Materials by 20.0% in the fourth quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock worth $92,000 after acquiring an additional 4,990 shares in the last quarter.

5E Advanced Materials Stock Up 2.3%

NASDAQ:FEAM traded up $0.05 on Friday, reaching $2.21. 199,519 shares of the company’s stock traded hands, compared to its average volume of 403,299. The stock has a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.92. 5E Advanced Materials has a 12 month low of $2.00 and a 12 month high of $8.32. The firm has a market cap of $51.96 million, a PE ratio of -0.31 and a beta of 1.62.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.07. On average, equities analysts anticipate that 5E Advanced Materials will post -9.22 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. HC Wainwright restated a “buy” rating and issued a $9.25 target price on shares of 5E Advanced Materials in a research note on Friday, November 21st. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. 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, the stock has a consensus rating of “Hold” and a consensus price target 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.