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

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 77,300 shares, a growth of 19.8% from the March 15th total of 64,500 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Tuesday, April 8th. Maxim Group cut their price target on shares of 5E Advanced Materials from $23.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, February 19th.

5E Advanced Materials Price Performance

NASDAQ FEAM traded up $0.17 during mid-day trading on Thursday, hitting $5.04. The stock had a trading volume of 970 shares, compared to its average volume of 13,484. The company has a 50 day simple moving average of $4.11 and a 200 day simple moving average of $8.88. The company has a market cap of $90.61 million, a price-to-earnings ratio of -0.20 and a beta of 1.66. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $45.89. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share (EPS) for the quarter. Equities analysts forecast that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Institutional Trading of 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC increased its stake in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 487,922 shares of the company's stock after purchasing an additional 51,668 shares during the period. Geode Capital Management LLC owned 0.71% of 5E Advanced Materials worth $264,000 as of its most recent SEC filing.

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.