5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 34.3% in February

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 67,700 shares, an increase of 34.3% from the February 13th total of 50,400 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 3.9 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC boosted its holdings in 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 11.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,922 shares of the company’s stock after buying an additional 51,668 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent reporting period.

5E Advanced Materials Price Performance

Shares of FEAM traded up $0.37 during trading hours on Monday, hitting $3.71. 17,037 shares of the company were exchanged, compared to its average volume of 9,688. The company has a market cap of $11.12 million, a price-to-earnings ratio of -0.15 and a beta of 1.67. 5E Advanced Materials has a fifty-two week low of $2.82 and a fifty-two week high of $45.89. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91. The firm’s fifty day moving average is $7.92 and its 200 day moving average is $10.69.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, March 7th. Maxim Group decreased their price objective on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 19th.

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.