1 week Ago By ABMN Staff
5E Advanced Materials, Inc. ( NASDAQ:FEAM – Get Free Report ) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 956,500 shares, an increase of 5.
2% from the November 30th total of 909,200 shares. Based on an average trading volume of 99,100 shares, the days-to-cover ratio is presently 9.7 days.
Currently, 1.9% of the company’s stock are sold short. 5E Advanced Materials Stock Performance Shares of 5E Advanced Materials stock opened at $0.
63 on Friday. The firm has a market cap of $43.53 million, a PE ratio of -0.
56 and a beta of 1.87. 5E Advanced Materials has a 1 year low of $0.
38 and a 1 year high of $2.48. The firm’s 50-day simple moving average is $0.
49 and its 200-day simple moving average is $0.71. The company has a debt-to-equity ratio of 35.
91, a quick ratio of 1.08 and a current ratio of 1.08.
Analyst Ratings Changes Several equities research analysts have issued reports on the company. DA Davidson restated a “buy” rating and set a $10.00 price objective on shares of 5E Advanced Materials in a report on Thursday, September 5th.
Maxim Group dropped their price target on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a research note on Thursday, September 12th.
Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in 5E Advanced Materials by 11.8% in the third quarter.
Geode Capital Management LLC now owns 487,922 shares of the company’s stock worth $264,000 after purchasing an additional 51,668 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of 5E Advanced Materials in the 2nd quarter valued at about $83,000. Point72 Asia Singapore Pte.
Ltd. bought a new stake in shares of 5E Advanced Materials during the 2nd quarter valued at about $61,000. Finally, AQR Capital Management LLC acquired a new stake in 5E Advanced Materials during the second quarter worth about $27,000.
About 5E Advanced Materials ( Get Free Report ) 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.
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