Sibanye Stillwater Limited (NYSE:SBSW – Get Free Report) 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
Get Our Latest Analysis on SBSW
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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