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

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

Institutional Trading of 5E Advanced Materials

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in 5E Advanced Materials by 11.8% in the 3rd quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after buying an additional 51,668 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in 5E Advanced Materials during the second quarter valued at $83,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of 5E Advanced Materials in the second quarter valued at $61,000. Bleakley Financial Group LLC bought a new stake in shares of 5E Advanced Materials during the 1st quarter worth approximately $42,000. Finally, AQR Capital Management LLC purchased a new position in 5E Advanced Materials during the 2nd quarter valued at $27,000.

Analyst Upgrades and Downgrades

FEAM has been the subject of several recent analyst reports. Maxim Group cut their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a report on Thursday, September 12th. DA Davidson reissued a “buy” rating and set a $10.00 target price on shares of 5E Advanced Materials in a research note on Thursday, September 5th.

5E Advanced Materials Stock Performance

5E Advanced Materials stock opened at $0.44 on Wednesday. The company has a market capitalization of $30.35 million, a price-to-earnings ratio of -0.40 and a beta of 1.92. The business’s fifty day simple moving average is $0.53 and its two-hundred day simple moving average is $0.94. 5E Advanced Materials has a 12 month low of $0.40 and a 12 month high of $2.48. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91.

5E Advanced Materials (NASDAQ:FEAM) last posted its earnings results on Monday, September 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.16). As a group, equities 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.