Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant 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. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 7,020,000 shares, the short-interest ratio is presently 2.5 days.

Sibanye Stillwater Price Performance

Shares of SBSW traded up $0.08 during trading hours on Friday, reaching $3.94. 5,640,505 shares of the stock traded hands, compared to its average volume of 6,492,207. The company has a market cap of $2.78 billion, a P/E ratio of 7.57 and a beta of 1.59. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. The company’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $3.96. Sibanye Stillwater has a 52-week low of $3.05 and a 52-week high of $5.93.

Hedge Funds Weigh In On Sibanye Stillwater

Large investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its stake in Sibanye Stillwater by 6.7% during the 3rd quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock valued at $199,000 after purchasing an additional 3,045 shares during the period. Aire Advisors LLC raised its position in shares of Sibanye Stillwater by 5.3% during the fourth quarter. Aire Advisors LLC now owns 61,060 shares of the company’s stock valued at $201,000 after buying an additional 3,060 shares during the last quarter. Rhumbline Advisers increased its holdings in Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company’s stock valued at $42,000 after acquiring an additional 3,120 shares during the last quarter. Banco Santander S.A. grew its position in shares of Sibanye Stillwater by 16.9% during the fourth quarter. Banco Santander S.A. now owns 29,974 shares of the company’s stock valued at $99,000 after purchasing an additional 4,344 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its holdings in shares of Sibanye Stillwater by 32.1% in the fourth quarter. United Capital Financial Advisors LLC now owns 19,640 shares of the company’s stock worth $65,000 after purchasing an additional 4,768 shares during the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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