5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 5.2% in December

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large increase in short interest during 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. Approximately 1.9% of the company’s stock are sold short. Based on an average daily volume of 99,100 shares, the short-interest ratio is currently 9.7 days.

Hedge Funds Weigh In On 5E Advanced Materials

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials during the 2nd quarter worth approximately $83,000. AQR Capital Management LLC purchased a new position in 5E Advanced Materials during the second quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of 5E Advanced Materials in the second quarter worth $61,000. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 51,668 shares during the last quarter.

Analyst Upgrades and Downgrades

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

5E Advanced Materials Trading Down 36.0 %

Shares of 5E Advanced Materials stock opened at $0.64 on Thursday. The firm has a market cap of $44.09 million, a price-to-earnings ratio of -0.57 and a beta of 1.87. 5E Advanced Materials has a 52-week low of $0.38 and a 52-week high of $2.48. The company’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $0.71. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91.

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.