Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 17,600,000 shares, a growth of 40.6% from the February 13th total of 12,520,000 shares. Based on an average daily trading volume, of 7,020,000 shares, the short-interest ratio is currently 2.5 days. Currently, 2.5% of the shares of the stock are short sold.
Sibanye Stillwater Trading Up 1.9 %
NYSE SBSW traded up $0.08 on Friday, hitting $3.94. 5,640,505 shares of the stock were exchanged, compared to its average volume of 6,492,207. 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 52-week low of $3.05 and a 52-week high of $5.93. The firm has a market capitalization of $2.78 billion, a P/E ratio of 7.57 and a beta of 1.59. The stock has a fifty day moving average price of $3.67 and a two-hundred day moving average price of $3.96.
Hedge Funds Weigh In On Sibanye Stillwater
A number of large investors have recently made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC purchased a new position in shares of Sibanye Stillwater during the fourth quarter valued at approximately $9,446,000. BCGM Wealth Management LLC lifted its holdings in Sibanye Stillwater by 60.3% during the 3rd quarter. BCGM Wealth Management LLC now owns 620,252 shares of the company’s stock valued at $2,549,000 after buying an additional 233,217 shares in the last quarter. Lingotto Investment Management LLP boosted its position in Sibanye Stillwater by 1.0% in the 4th quarter. Lingotto Investment Management LLP now owns 27,798,014 shares of the company’s stock valued at $91,733,000 after buying an additional 286,195 shares during the period. ABC Arbitrage SA bought a new position in Sibanye Stillwater in the 4th quarter worth about $1,332,000. Finally, Barclays PLC bought a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $329,000. 34.93% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
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About Sibanye Stillwater
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.
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