5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 8.9% in September

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,430,000 shares, a decline of 8.9% from the August 31st total of 1,570,000 shares. Based on an average trading volume of 174,400 shares, the days-to-cover ratio is presently 8.2 days. Currently, 2.9% of the shares of the company are sold short.

Institutional Investors Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials during the 2nd quarter valued at $27,000. Bleakley Financial Group LLC acquired a new position in 5E Advanced Materials during the first quarter worth about $42,000. Leo Wealth LLC bought a new stake in 5E Advanced Materials in the fourth quarter worth about $60,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in 5E Advanced Materials in the 2nd quarter valued at about $61,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of 5E Advanced Materials during the 2nd quarter valued at about $83,000.

5E Advanced Materials Price Performance

5E Advanced Materials stock traded up $0.08 during trading hours on Tuesday, hitting $0.62. 561,075 shares of the company traded hands, compared to its average volume of 175,102. The firm’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $1.11. The firm has a market cap of $39.20 million, a P/E ratio of -0.48 and a beta of 1.96. 5E Advanced Materials has a 1-year low of $0.40 and a 1-year high of $3.35. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 6.37.

Analysts Set New Price Targets

FEAM has been the topic of a number of analyst reports. Maxim Group dropped 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 report on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a research 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.