Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Declines By 8.2%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 3,710,000 shares, a decrease of 8.2% from the March 15th total of 4,040,000 shares. Based on an average trading volume of 192,000 shares, the short-interest ratio is presently 19.3 days. Currently, 8.5% of the shares of the company are short sold.

5E Advanced Materials Stock Performance

NASDAQ:FEAM traded down $0.06 during mid-day trading on Tuesday, reaching $1.15. 156,678 shares of the company’s stock were exchanged, compared to its average volume of 194,171. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $50.88 million, a PE ratio of -1.26 and a beta of 1.95. 5E Advanced Materials has a one year low of $1.03 and a one year high of $5.50. The business’s fifty day simple moving average is $1.36 and its two-hundred day simple moving average is $1.70.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Wednesday, February 14th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). Analysts anticipate that 5E Advanced Materials will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 5E Advanced Materials

A number of institutional investors have recently added to or reduced their stakes in FEAM. Royal Bank of Canada bought a new position in shares of 5E Advanced Materials in the 1st quarter valued at $38,000. Legal & General Group Plc bought a new stake in 5E Advanced Materials during the 2nd quarter worth approximately $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of 5E Advanced Materials by 353.3% during the first quarter. Tower Research Capital LLC TRC now owns 4,642 shares of the company’s stock worth $25,000 after purchasing an additional 3,618 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of 5E Advanced Materials in the 2nd quarter valued at about $37,000. Finally, Citigroup Inc. acquired a new stake in shares of 5E Advanced Materials in the second quarter valued at about $38,000.

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 Southern California. The company was formerly known as American Pacific Borates Limited.