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

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

5E Advanced Materials Stock Down 8.1 %

Shares of FEAM traded down $0.03 during mid-day trading on Monday, hitting $0.36. 114,498 shares of the company traded hands, compared to its average volume of 225,942. The business has a 50 day moving average of $0.51 and a 200 day moving average of $0.61. The company has a market capitalization of $25.01 million, a PE ratio of -0.32 and a beta of 1.57. 5E Advanced Materials has a 1-year low of $0.34 and a 1-year high of $2.48. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 35.91.

Institutional Trading of 5E Advanced Materials

A number of hedge funds have recently modified their holdings of FEAM. Geode Capital Management LLC lifted its stake in shares of 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after buying an additional 51,668 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of 5E Advanced Materials during the second quarter valued at about $83,000. AQR Capital Management LLC acquired a new position in 5E Advanced Materials during the second quarter worth $27,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in 5E Advanced Materials during the 2nd quarter valued at about $61,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e)” rating on shares of 5E Advanced Materials in a research report on Saturday, January 18th.

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.