Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Down 18.8% in August

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 16,910,000 shares, a drop of 18.8% from the August 15th total of 20,820,000 shares. Based on an average trading volume of 5,290,000 shares, the days-to-cover ratio is currently 3.2 days. Approximately 2.4% of the company's stock are short sold.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Wednesday, July 3rd. BMO Capital Markets decreased their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.17.

Sibanye Stillwater Stock Up 7.5 %

Shares of NYSE SBSW traded up $0.28 during trading hours on Friday, hitting $4.01. The company had a trading volume of 11,735,877 shares, compared to its average volume of 6,260,397. The company has a current ratio of 1.70, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. Sibanye Stillwater has a 1-year low of $3.08 and a 1-year high of $6.99. The firm's 50 day moving average is $4.21 and its 200-day moving average is $4.60.

Institutional Investors Weigh In On Sibanye Stillwater

Several large investors have recently made changes to their positions in SBSW. Marshall Wace LLP lifted its holdings in Sibanye Stillwater by 3,256.8% during the 2nd quarter. Marshall Wace LLP now owns 5,315,274 shares of the company's stock valued at $23,121,000 after purchasing an additional 5,156,931 shares during the last quarter. Lingotto Investment Management LLP increased its position in shares of Sibanye Stillwater by 28.5% in the fourth quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company's stock worth $119,283,000 after purchasing an additional 4,865,997 shares during the period. Millennium Management LLC increased its position in shares of Sibanye Stillwater by 65.1% in the second quarter. Millennium Management LLC now owns 1,335,331 shares of the company's stock worth $5,809,000 after purchasing an additional 526,724 shares during the period. Cubist Systematic Strategies LLC increased its position in shares of Sibanye Stillwater by 53.2% in the second quarter. Cubist Systematic Strategies LLC now owns 1,007,988 shares of the company's stock worth $4,385,000 after purchasing an additional 349,835 shares during the period. Finally, Headlands Technologies LLC grew its position in Sibanye Stillwater by 685.5% in the second quarter. Headlands Technologies LLC now owns 375,660 shares of the company's stock valued at $1,634,000 after acquiring an additional 327,837 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company's stock.

Sibanye Stillwater Company Profile

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.