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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 996,000 shares, a drop of 5.1% from the October 15th total of 1,050,000 shares. Based on an average trading volume of 112,000 shares, the short-interest ratio is presently 8.9 days. Approximately 2.0% of the shares of the stock are short sold.

Institutional Trading of 5E Advanced Materials

Several hedge funds have recently added to or reduced their stakes in FEAM. Geode Capital Management LLC grew its stake in shares of 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after buying an additional 51,668 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in 5E Advanced Materials during the 2nd quarter valued at about $83,000. Point72 Asia Singapore Pte. Ltd. bought a new position in 5E Advanced Materials during the 2nd quarter worth approximately $61,000. Bleakley Financial Group LLC purchased a new position in 5E Advanced Materials in the 1st quarter worth approximately $42,000. Finally, AQR Capital Management LLC bought a new stake in 5E Advanced Materials in the second quarter valued at approximately $27,000.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson restated a “buy” rating and issued a $10.00 price objective on shares of 5E Advanced Materials in a research report on Thursday, September 5th. Maxim Group lowered their price objective on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, September 12th.

5E Advanced Materials Stock Performance

NASDAQ:FEAM opened at $0.45 on Tuesday. The company has a market capitalization of $30.65 million, a price-to-earnings ratio of -0.40 and a beta of 1.92. The business has a 50 day moving average of $0.53 and a 200 day moving average of $0.94. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 0.70. 5E Advanced Materials has a 1-year low of $0.40 and a 1-year high of $2.48.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings data on Monday, September 9th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.16). On average, sell-side analysts predict that 5E Advanced Materials will post -0.4 earnings per share for the current fiscal 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.