5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 95.5% in February

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 50,400 shares, a decline of 95.5% from the January 31st total of 1,120,000 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently raised its stake in 5E Advanced Materials stock. Geode Capital Management LLC raised its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the quarter. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, February 19th. Maxim Group dropped their price target on shares of 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, February 19th.

5E Advanced Materials Stock Performance

NASDAQ:FEAM traded up $0.11 on Friday, reaching $4.89. 9,438 shares of the company’s stock were exchanged, compared to its average volume of 16,993. The firm has a market cap of $14.64 million, a price-to-earnings ratio of -0.19 and a beta of 1.57. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a fifty day simple moving average of $10.11 and a 200-day simple moving average of $11.96. 5E Advanced Materials has a 52 week low of $3.60 and a 52 week high of $48.30.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that 5E Advanced Materials will post -9.22 earnings per share for the current year.

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.