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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of 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. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily volume of 30,800 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FEAM shares. Maxim Group reduced their price objective on 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. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Tuesday, April 8th.

Institutional Inflows and Outflows

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

5E Advanced Materials Trading Up 2.1 %

Shares of 5E Advanced Materials stock traded up $0.09 on Monday, hitting $4.35. The stock had a trading volume of 4,138 shares, compared to its average volume of 13,491. The stock has a market cap of $78.28 million, a price-to-earnings ratio of -0.17 and a beta of 1.66. 5E Advanced Materials has a one year low of $2.82 and a one year high of $45.89. 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 stock’s 50-day simple moving average is $4.22 and its two-hundred day simple moving average is $9.02.

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