Short Interest in Sibanye Stillwater Limited (NYSE:SBSW) Rises By 40.6%

Sibanye Stillwater Limited (NYSE:SBSW) 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

Separately, Royal Bank of Canada decreased their target price on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, According to MarketBeat, Sibanye Stillwater presently has a consensus rating of “Hold” and an average target price of $4.79.

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.