Sibanye Stillwater Limited (NYSE:SBSW) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SBSW. BMO Capital Markets cut their price objective on shares of 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. HSBC downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price target for the company. in a report on Monday, November 4th. Hsbc Global Res cut shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Investec downgraded Sibanye Stillwater from a “buy” rating to a “hold” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.98.

Sibanye Stillwater Stock Performance

Shares of NYSE:SBSW traded up $0.07 during trading on Friday, reaching $4.09. The company had a trading volume of 2,325,800 shares, compared to its average volume of 5,547,351. 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. The company has a fifty day moving average of $4.39 and a two-hundred day moving average of $4.42.

Institutional Investors Weigh In On Sibanye Stillwater

A number of large investors have recently added to or reduced their stakes in SBSW. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at $41,000. Pine Valley Investments Ltd Liability Co lifted its stake 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 worth $112,000 after purchasing an additional 12,336 shares during the last quarter. Barclays PLC purchased a new stake in Sibanye Stillwater during the third quarter valued at about $329,000. O Brien Greene & Co. Inc bought a new position in shares of Sibanye Stillwater during the third quarter valued at about $189,000. Finally, XTX Topco Ltd increased its holdings in shares of Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock worth $418,000 after buying an additional 5,428 shares during the period. Hedge funds and other institutional investors 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.