5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Significant Increase in Short Interest

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 473,706 shares, a growth of 90.5% from the April 15th total of 248,650 shares. Based on an average trading volume of 247,392 shares, the days-to-cover ratio is presently 1.9 days. Approximately 2.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Monday, April 20th. Wall Street Zen lowered shares of 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 2nd. Finally, HC Wainwright set a $5.50 price target on shares of 5E Advanced Materials and gave the stock a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Hedge Funds Weigh In On 5E Advanced Materials

Several large investors have recently modified their holdings of FEAM. Hohimer Wealth Management LLC bought a new position in shares of 5E Advanced Materials in the third quarter valued at about $785,000. Summit Financial Strategies Inc. bought a new position in 5E Advanced Materials during the fourth quarter worth about $37,000. Geode Capital Management LLC increased its position in 5E Advanced Materials by 112.9% during the fourth quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after acquiring an additional 41,238 shares during the period. Goldman Sachs Group Inc. bought a new position in 5E Advanced Materials during the fourth quarter worth about $69,000. Finally, LeClair Wealth Partners LLC increased its position in 5E Advanced Materials by 20.0% during 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 during the period.

5E Advanced Materials Price Performance

NASDAQ FEAM traded down $0.07 on Friday, hitting $1.93. 316,843 shares of the stock were exchanged, compared to its average volume of 268,591. The business’s fifty day moving average is $1.64 and its 200 day moving average is $2.77. 5E Advanced Materials has a 52 week low of $1.17 and a 52 week high of $7.50. The company has a market capitalization of $45.37 million, a PE ratio of -0.72 and a beta of 1.84.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.01. Analysts predict that 5E Advanced Materials will post -1.59 EPS for the current fiscal year.

About 5E Advanced Materials

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.