Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Expands By 12.9%

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

5E Advanced Materials Trading Down 8.1 %

Shares of FEAM stock traded down $0.03 during mid-day trading on Monday, reaching $0.36. 114,498 shares of the stock traded hands, compared to its average volume of 225,942. 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. The company has a market cap of $25.01 million, a price-to-earnings ratio of -0.32 and a beta of 1.57. The stock’s fifty day simple moving average is $0.51 and its two-hundred day simple moving average is $0.61.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On 5E Advanced Materials

Several large investors have recently modified their holdings of FEAM. AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials during the second quarter worth approximately $27,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in 5E Advanced Materials in the 2nd quarter valued at about $61,000. Cubist Systematic Strategies LLC purchased a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at approximately $83,000. Finally, Geode Capital Management LLC grew its position 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 valued at $264,000 after purchasing an additional 51,668 shares in the last quarter.

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.