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

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 996,000 shares, a drop of 5.1% from the October 15th total of 1,050,000 shares. Based on an average trading volume of 112,000 shares, the days-to-cover ratio is currently 8.9 days. Currently, 2.0% of the shares of the company are sold short.

5E Advanced Materials Price Performance

Shares of NASDAQ FEAM opened at $0.45 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.70 and a debt-to-equity ratio of 35.91. The stock has a fifty day simple moving average of $0.53 and a two-hundred day simple moving average of $0.94. 5E Advanced Materials has a 1-year low of $0.40 and a 1-year high of $2.48. The firm has a market cap of $30.65 million, a price-to-earnings ratio of -0.40 and a beta of 1.92.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Monday, September 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.16). Analysts anticipate that 5E Advanced Materials will post -0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FEAM shares. Maxim Group cut 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 reissued a “buy” rating and issued a $10.00 price target on shares of 5E Advanced Materials in a report on Thursday, September 5th.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC purchased a new stake in shares of 5E Advanced Materials during the 1st quarter valued at approximately $42,000. Cubist Systematic Strategies LLC purchased a new stake in shares of 5E Advanced Materials during the second quarter worth $83,000. AQR Capital Management LLC purchased a new stake in shares of 5E Advanced Materials during the second quarter worth $27,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of 5E Advanced Materials in the second quarter worth $61,000. Finally, Geode Capital Management LLC grew its position in shares of 5E Advanced Materials by 11.8% in the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after purchasing an additional 51,668 shares in the last quarter.

5E Advanced Materials Company Profile

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.