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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 956,500 shares, an increase of 5.2% from the November 30th total of 909,200 shares. Based on an average trading volume of 99,100 shares, the short-interest ratio is presently 9.7 days. Approximately 1.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FEAM. Cubist Systematic Strategies LLC purchased a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at about $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in 5E Advanced Materials in the second quarter valued at approximately $61,000. AQR Capital Management LLC purchased a new stake in shares of 5E Advanced Materials during the second quarter valued at approximately $27,000. Finally, Geode Capital Management LLC lifted its position 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 worth $264,000 after purchasing an additional 51,668 shares in the last quarter.

5E Advanced Materials Stock Down 1.3 %

Shares of 5E Advanced Materials stock opened at $0.63 on Friday. 5E Advanced Materials has a twelve month low of $0.38 and a twelve month high of $2.48. The stock has a market cap of $43.53 million, a price-to-earnings ratio of -0.56 and a beta of 1.87. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 35.91. The company has a fifty day moving average price of $0.49 and a 200 day moving average price of $0.71.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FEAM shares. Maxim Group cut their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a report on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of 5E Advanced Materials in a report on Thursday, September 5th.

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.