5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Update

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 1,430,000 shares, a decline of 8.9% from the August 31st total of 1,570,000 shares. Based on an average daily trading volume, of 174,400 shares, the days-to-cover ratio is presently 8.2 days. Approximately 2.9% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FEAM. Maxim Group lowered their price objective on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a research report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and issued a $10.00 price target on shares of 5E Advanced Materials in a research report on Thursday, September 5th.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in 5E Advanced Materials in the second quarter valued at about $27,000. Bleakley Financial Group LLC bought a new stake in shares of 5E Advanced Materials in the first quarter worth about $42,000. Leo Wealth LLC bought a new stake in shares of 5E Advanced Materials in the fourth quarter worth about $60,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of 5E Advanced Materials in the second quarter worth about $61,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of 5E Advanced Materials in the second quarter worth about $83,000.

5E Advanced Materials Trading Up 14.7 %

Shares of FEAM traded up $0.08 during trading hours on Tuesday, hitting $0.62. 561,075 shares of the stock traded hands, compared to its average volume of 175,102. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 6.37. 5E Advanced Materials has a 1-year low of $0.40 and a 1-year high of $3.35. The firm has a market capitalization of $39.20 million, a PE ratio of -0.55 and a beta of 1.96. The business has a fifty day moving average of $0.73 and a 200-day moving average of $1.11.

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.