5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Update

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 77,300 shares, a growth of 19.8% from the March 15th total of 64,500 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 30,800 shares, the short-interest ratio is presently 2.5 days.

5E Advanced Materials Stock Performance

FEAM traded up $0.09 during trading on Monday, hitting $4.35. The company’s stock had a trading volume of 4,138 shares, compared to its average volume of 13,491. 5E Advanced Materials has a one year low of $2.82 and a one year high of $45.89. The business’s 50 day simple moving average is $4.22 and its 200-day simple moving average is $9.02. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91. The firm has a market cap of $78.28 million, a PE ratio of -0.17 and a beta of 1.66.

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

Wall Street Analysts Forecast Growth

FEAM has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Tuesday, April 8th. Maxim Group reduced their price objective on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, February 19th.

Institutional Investors Weigh In On 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC increased its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 487,922 shares of the company’s stock after purchasing an additional 51,668 shares during the period. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent reporting period.

About 5E Advanced Materials

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.