Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Expands By 12.9%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,080,000 shares, an increase of 12.9% from the December 15th total of 956,500 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 164,800 shares, the short-interest ratio is currently 6.6 days.

5E Advanced Materials Price Performance

Shares of NASDAQ:FEAM opened at $0.47 on Monday. 5E Advanced Materials has a 12 month low of $0.38 and a 12 month high of $2.48. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day moving average of $0.51 and a two-hundred day moving average of $0.65.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 5E Advanced Materials in a report on Saturday.

Institutional Trading of 5E Advanced Materials

A number of institutional investors and hedge funds have recently bought and sold shares of FEAM. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials during the second quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of 5E Advanced Materials in the 2nd quarter valued at $61,000. AQR Capital Management LLC purchased a new position in shares of 5E Advanced Materials in the 2nd quarter valued at $27,000. Finally, Geode Capital Management LLC lifted its holdings in shares of 5E Advanced Materials by 11.8% during the 3rd 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 in the last quarter.

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.