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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,570,000 shares, a decline of 6.0% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 177,800 shares, the short-interest ratio is presently 8.8 days. Approximately 3.1% of the shares of the company are short sold.

5E Advanced Materials Price Performance

FEAM stock opened at $0.50 on Wednesday. The firm has a 50 day moving average of $0.84 and a 200-day moving average of $1.17. The firm has a market capitalization of $31.83 million, a P/E ratio of -0.45 and a beta of 1.96. 5E Advanced Materials has a 12 month low of $0.50 and a 12 month high of $3.35. The company has a current ratio of 0.70, a quick ratio of 1.38 and a debt-to-equity ratio of 6.37.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FEAM. DA Davidson reiterated a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a research note on Thursday, September 5th. Maxim Group reduced their price objective on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a research note on Thursday, September 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new position in 5E Advanced Materials in the 2nd quarter worth approximately $27,000. Simplicity Wealth LLC purchased a new position in 5E Advanced Materials in the first quarter worth $42,000. Bleakley Financial Group LLC purchased a new stake in 5E Advanced Materials during the first quarter valued at about $42,000. Leo Wealth LLC bought a new stake in shares of 5E Advanced Materials in the 4th quarter valued at about $60,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials in the 2nd quarter worth approximately $61,000.

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.