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

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 144,868 shares, a decrease of 51.0% from the November 30th total of 295,701 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 64,317 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily volume of 64,317 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Trading of 5E Advanced Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Woodward Diversified Capital LLC purchased a new stake in shares of 5E Advanced Materials during the third quarter valued at $49,000. Marex Group plc purchased a new position in 5E Advanced Materials in the 2nd quarter worth about $665,000. Finally, Hohimer Wealth Management LLC bought a new stake in 5E Advanced Materials during the 3rd quarter valued at about $785,000.

5E Advanced Materials Stock Down 3.2%

5E Advanced Materials stock traded down $0.11 during midday trading on Friday, reaching $3.38. The stock had a trading volume of 71,652 shares, compared to its average volume of 81,437. The firm has a market cap of $75.85 million, a price-to-earnings ratio of -0.48 and a beta of 1.61. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $24.84. The company has a fifty day moving average of $4.22 and a 200 day moving average of $4.08.

5E Advanced Materials (NASDAQ:FEAM) last released its earnings results on Thursday, November 13th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.07. Equities research analysts predict that 5E Advanced Materials will post -9.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Maxim Group set a $7.00 price objective on shares of 5E Advanced Materials and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Wall Street Zen raised shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. HC Wainwright reissued a “buy” rating and set a $9.25 price objective on shares of 5E Advanced Materials in a research note on Friday, November 21st. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.13.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.