5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Large Increase in Short Interest

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 338,131 shares, an increase of 133.4% from the December 15th total of 144,868 shares. Based on an average daily trading volume, of 112,848 shares, the short-interest ratio is presently 3.0 days. Approximately 1.5% of the shares of the stock are short sold. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 112,848 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On 5E Advanced Materials

Institutional investors and hedge funds have recently modified their holdings of the company. Hohimer Wealth Management LLC purchased a new stake in 5E Advanced Materials in the 3rd quarter worth approximately $785,000. Marex Group plc purchased a new position in shares of 5E Advanced Materials during the 2nd quarter worth $665,000. Finally, Woodward Diversified Capital LLC acquired a new stake in shares of 5E Advanced Materials during the third quarter worth $49,000.

5E Advanced Materials Stock Up 2.9%

Shares of FEAM traded up $0.11 during trading hours on Wednesday, reaching $3.72. 13,575 shares of the company traded hands, compared to its average volume of 67,667. The stock has a market capitalization of $83.38 million, a PE ratio of -0.53 and a beta of 1.63. The stock has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $4.05. 5E Advanced Materials has a fifty-two week low of $2.82 and a fifty-two week high of $12.88.

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

Analysts Set New Price Targets

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

5E Advanced Materials Company Profile

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.