5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 6.0% in August

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 1,570,000 shares, a decline of 6.0% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 177,800 shares, the days-to-cover ratio is presently 8.8 days. Approximately 3.1% of the company’s shares are short sold.

5E Advanced Materials Stock Performance

NASDAQ FEAM opened at $0.50 on Wednesday. The company has a fifty day moving average price of $0.84 and a 200-day moving average price of $1.17. The firm has a market cap of $31.83 million, a price-to-earnings ratio of -0.45 and a beta of 1.96. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.70 and a quick ratio of 1.38. 5E Advanced Materials has a 1 year low of $0.50 and a 1 year high of $3.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC bought a new position in shares of 5E Advanced Materials during the 2nd quarter worth approximately $83,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in 5E Advanced Materials during the second quarter worth $61,000. AQR Capital Management LLC bought a new position in 5E Advanced Materials in the 2nd quarter valued at $27,000. Bleakley Financial Group LLC purchased a new stake in shares of 5E Advanced Materials during the 1st quarter valued at $42,000. Finally, Simplicity Wealth LLC bought a new stake in shares of 5E Advanced Materials during the 1st quarter worth $42,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FEAM. Maxim Group reduced their price target on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and set a $10.00 price target on shares of 5E Advanced Materials in a research note on Thursday, September 5th.

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.