Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 12,320,000 shares, a decrease of 24.7% from the October 31st total of 16,370,000 shares. Based on an average daily volume of 6,920,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.7% of the company's shares are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater during the third quarter valued at approximately $41,000. Pine Valley Investments Ltd Liability Co increased its holdings in Sibanye Stillwater by 83.4% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company's stock valued at $112,000 after purchasing an additional 12,336 shares during the last quarter. Barclays PLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter valued at about $329,000. O Brien Greene & Co. Inc acquired a new position in Sibanye Stillwater during the third quarter valued at approximately $189,000. Finally, XTX Topco Ltd increased its stake in Sibanye Stillwater by 5.6% in the third quarter. XTX Topco Ltd now owns 101,656 shares of the company's stock valued at $418,000 after purchasing an additional 5,428 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SBSW. BMO Capital Markets cut their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a "market perform" rating on the stock in a report on Friday, September 13th. Hsbc Global Res downgraded shares of Sibanye Stillwater from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 4th. HSBC downgraded shares of Sibanye Stillwater from a "buy" rating to a "hold" rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. Finally, Investec cut Sibanye Stillwater from a "buy" rating to a "hold" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat.com, Sibanye Stillwater has a consensus rating of "Hold" and an average price target of $4.98.

Sibanye Stillwater Trading Up 1.7 %

SBSW stock traded up $0.07 during midday trading on Friday, hitting $4.09. 2,325,800 shares of the company traded hands, compared to its average volume of 6,087,347. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.71. Sibanye Stillwater has a twelve month low of $3.08 and a twelve month high of $5.93. The business has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $4.44.

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.