Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 12,320,000 shares, a decline of 24.7% from the October 31st total of 16,370,000 shares. Based on an average trading volume of 6,920,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.7% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SBSW. BMO Capital Markets decreased their target price on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a research report on Friday, September 13th. Investec cut Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.98.

Sibanye Stillwater Price Performance

SBSW stock traded up $0.07 during midday trading on Friday, hitting $4.09. 2,325,800 shares of the company’s stock were exchanged, compared to its average volume of 5,547,351. The firm has a 50 day moving average price of $4.39 and a 200-day moving average price of $4.42. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $5.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04.

Institutional Trading of Sibanye Stillwater

A number of hedge funds have recently made changes to their positions in SBSW. Blankinship & Foster LLC bought a new position in shares of Sibanye Stillwater during the third quarter worth about $41,000. Pine Valley Investments Ltd Liability Co increased its holdings in Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company’s stock valued at $112,000 after buying an additional 12,336 shares during the last quarter. Barclays PLC acquired a new stake in Sibanye Stillwater during the third quarter valued at approximately $329,000. O Brien Greene & Co. Inc bought a new position in Sibanye Stillwater during the 3rd quarter worth approximately $189,000. Finally, XTX Topco Ltd grew its position in shares of Sibanye Stillwater by 5.6% in the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after acquiring an additional 5,428 shares in the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

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.