Short Interest in 5N Plus Inc. (OTCMKTS:FPLSF) Expands By 108.8%

5N Plus Inc. (OTCMKTS:FPLSF) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 501,158 shares, an increase of 108.8% from the May 31st total of 240,017 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 55,836 shares, the days-to-cover ratio is presently 9.0 days.

Analyst Upgrades and Downgrades

Separately, Scotiabank began coverage on shares of 5N Plus in a research note on Monday, June 22nd. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, 5N Plus presently has an average rating of “Buy”.

5N Plus Stock Performance

Shares of FPLSF traded down $1.49 during mid-day trading on Wednesday, reaching $29.31. The company had a trading volume of 673 shares, compared to its average volume of 47,056. The stock has a market capitalization of $2.64 billion, a P/E ratio of 45.09 and a beta of 1.84. 5N Plus has a 52-week low of $6.92 and a 52-week high of $44.91. The stock has a 50 day moving average of $28.49 and a two-hundred day moving average of $22.18. The company has a quick ratio of 1.30, a current ratio of 2.69 and a debt-to-equity ratio of 0.55.

5N Plus (OTCMKTS:FPLSF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $117.89 million for the quarter, compared to analyst estimates of $104.04 million. 5N Plus had a return on equity of 28.72% and a net margin of 13.99%.

5N Plus Company Profile

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high?purity metals and compounds for advanced technology markets. The company’s product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five?nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high?purity research to a global manufacturing and distribution platform.