Sibanye Stillwater Limited (NYSE:SBSW) Sees Significant Growth in Short Interest

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,600,000 shares, an increase of 40.6% from the February 13th total of 12,520,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 7,020,000 shares, the short-interest ratio is currently 2.5 days.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds have recently made changes to their positions in SBSW. Itau Unibanco Holding S.A. bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $25,000. Ameriprise Financial Inc. bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $35,000. Blankinship & Foster LLC bought a new stake in shares of Sibanye Stillwater in the 3rd quarter worth approximately $41,000. Peapack Gladstone Financial Corp bought a new stake in shares of Sibanye Stillwater in the 4th quarter worth approximately $41,000. Finally, Rhumbline Advisers lifted its holdings in shares of Sibanye Stillwater by 32.3% in the 4th quarter. Rhumbline Advisers now owns 12,790 shares of the company's stock worth $42,000 after acquiring an additional 3,120 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Sibanye Stillwater Price Performance

SBSW stock traded down $0.10 during midday trading on Thursday, reaching $4.39. The company had a trading volume of 7,919,874 shares, compared to its average volume of 6,510,555. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. Sibanye Stillwater has a 1 year low of $3.05 and a 1 year high of $5.93. The company has a market capitalization of $3.10 billion, a P/E ratio of 8.43 and a beta of 1.59. The firm has a 50-day moving average price of $3.72 and a 200-day moving average price of $3.96.

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Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from $4.70 to $5.30 in a research note on Tuesday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Sibanye Stillwater presently has an average rating of "Hold" and a consensus price target of $5.05.

About Sibanye Stillwater

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.