Short Interest in Sibanye Stillwater Limited (NYSE:SBSW) Drops By 29.1%

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 13,590,000 shares, a decrease of 29.1% from the January 15th total of 19,180,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 5,980,000 shares, the short-interest ratio is presently 2.3 days.

Sibanye Stillwater Stock Down 3.4 %

SBSW traded down $0.14 on Friday, reaching $3.83. The company’s stock had a trading volume of 8,969,187 shares, compared to its average volume of 6,479,563. The stock has a 50 day moving average of $3.69 and a two-hundred day moving average of $4.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93.

Analyst Upgrades and Downgrades

SBSW has been the topic of a number of recent research reports. Royal Bank of Canada cut their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research note on Thursday. Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, HSBC lowered shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.79.

Institutional Investors Weigh In On Sibanye Stillwater

Large investors have recently modified their holdings of the company. BCGM Wealth Management LLC boosted its holdings in shares of Sibanye Stillwater by 60.3% in the third quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock valued at $2,549,000 after acquiring an additional 233,217 shares during the period. Goehring & Rozencwajg Associates LLC acquired a new stake in shares of Sibanye Stillwater in the fourth quarter valued at approximately $9,446,000. Barclays PLC acquired a new stake in shares of Sibanye Stillwater in the third quarter valued at approximately $329,000. Anthracite Investment Company Inc. boosted its holdings in shares of Sibanye Stillwater by 114.3% in the third quarter. Anthracite Investment Company Inc. now owns 678,228 shares of the company’s stock valued at $2,788,000 after acquiring an additional 361,685 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Sibanye Stillwater by 30.8% in the third quarter. Two Sigma Advisers LP now owns 2,975,100 shares of the company’s stock valued at $12,228,000 after acquiring an additional 699,900 shares during the period. 34.93% of the stock is owned by institutional investors and hedge funds.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.