Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Increases By 49.8%

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 216,650 shares, an increase of 49.8% from the July 30th total of 144,621 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,090,711 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FEAM. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Friday, July 17th. Wall Street Zen lowered shares of 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Finally, HC Wainwright reiterated a “buy” rating and issued a $3.50 price target (down from $5.50) on shares of 5E Advanced Materials in a report on Tuesday, August 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, 5E Advanced Materials has an average rating of “Hold” and an average price target of $5.25.

Institutional Investors Weigh In On 5E Advanced Materials

Several institutional investors have recently bought and sold shares of FEAM. AWM Investment Company Inc. acquired a new position in 5E Advanced Materials during the 2nd quarter worth approximately $4,346,000. Renaissance Technologies LLC acquired a new stake in shares of 5E Advanced Materials in the first quarter valued at approximately $268,000. Aristides Capital LLC bought a new stake in shares of 5E Advanced Materials in the first quarter worth $765,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of 5E Advanced Materials in the fourth quarter worth $674,000. Finally, XTX Topco Ltd acquired a new position in 5E Advanced Materials during the fourth quarter worth $124,000.

5E Advanced Materials Price Performance

Shares of FEAM traded up $0.07 during midday trading on Wednesday, hitting $1.56. The stock had a trading volume of 83,164 shares, compared to its average volume of 383,696. The firm has a market cap of $64.96 million, a price-to-earnings ratio of -1.17 and a beta of 1.97. The company has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.62. 5E Advanced Materials has a twelve month low of $0.90 and a twelve month high of $7.50.

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.