5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 12.9% in December

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,080,000 shares, a growth of 12.9% from the December 15th total of 956,500 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily trading volume, of 164,800 shares, the days-to-cover ratio is presently 6.6 days.

5E Advanced Materials Stock Down 4.3 %

Shares of NASDAQ FEAM opened at $0.47 on Monday. The company has a 50 day simple moving average of $0.51 and a two-hundred day simple moving average of $0.65. The company has a debt-to-equity ratio of 35.91, a quick ratio of 1.08 and a current ratio of 1.08. 5E Advanced Materials has a 12 month low of $0.38 and a 12 month high of $2.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after acquiring an additional 51,668 shares during the period. Cubist Systematic Strategies LLC acquired a new position in 5E Advanced Materials in the second quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in 5E Advanced Materials in the 2nd quarter worth approximately $61,000. Finally, AQR Capital Management LLC acquired a new stake in shares of 5E Advanced Materials during the 2nd quarter worth approximately $27,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of 5E Advanced Materials in a research note on Saturday.

About 5E Advanced Materials

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.