5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 51.0% in December

by · The Cerbat Gem

5E Advanced Materials, Inc. (NASDAQ:FEAM – Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 144,868 shares, a decline of 51.0% from the November 30th total of 295,701 shares. Based on an average trading volume of 64,317 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 64,317 shares, the days-to-cover ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hohimer Wealth Management LLC acquired a new position in 5E Advanced Materials during the third quarter worth about $785,000. Marex Group plc purchased a new position in 5E Advanced Materials in the 2nd quarter worth approximately $665,000. Finally, Woodward Diversified Capital LLC purchased a new position in 5E Advanced Materials in the 3rd quarter worth approximately $49,000.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on 5E Advanced Materials

5E Advanced Materials Trading Down 3.2%

FEAM traded down $0.11 on Friday, reaching $3.38. The stock had a trading volume of 71,652 shares, compared to its average volume of 81,437. The business’s 50-day moving average price is $4.22 and its two-hundred day moving average price is $4.08. The company has a market cap of $75.85 million, a P/E ratio of -0.48 and a beta of 1.61. 5E Advanced Materials has a 12-month low of $2.82 and a 12-month high of $24.84.

5E Advanced Materials (NASDAQ:FEAM – Get Free Report) last announced its quarterly 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. As a group, analysts predict that 5E Advanced Materials will post -9.22 earnings per share for the current year.

5E Advanced Materials Company Profile

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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.

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