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

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

Institutional Investors Weigh In On 5E Advanced Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position 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 worth $264,000 after purchasing an additional 51,668 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials during the 2nd quarter valued at about $83,000. AQR Capital Management LLC acquired a new stake in 5E Advanced Materials in the second quarter worth about $27,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of 5E Advanced Materials during the second quarter valued at about $61,000.

5E Advanced Materials Stock Down 4.3 %

FEAM stock opened at $0.47 on Monday. 5E Advanced Materials has a one year low of $0.38 and a one year high of $2.48. The company has a debt-to-equity ratio of 35.91, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a 50-day simple moving average of $0.51 and a two-hundred day simple moving average of $0.65.

Analysts Set New Price Targets

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

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.