Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Expands By 228.0%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 1,201,149 shares, an increase of 228.0% from the January 15th total of 366,198 shares. Based on an average daily volume of 462,485 shares, the days-to-cover ratio is currently 2.6 days. Currently, 5.1% of the shares of the stock are sold short. Currently, 5.1% of the shares of the stock are sold short. Based on an average daily volume of 462,485 shares, the days-to-cover ratio is currently 2.6 days.

Insider Buying and Selling

In related news, Director Bep Special Situations Iv Llc purchased 4,000,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were purchased at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the acquisition, the director directly owned 12,130,997 shares of the company’s stock, valued at approximately $24,261,994. This represents a 49.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On 5E Advanced Materials

A number of hedge funds have recently made changes to their positions in the business. LeClair Wealth Partners LLC lifted its holdings in shares of 5E Advanced Materials by 20.0% in the fourth quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock worth $92,000 after buying an additional 4,990 shares in the last quarter. Summit Financial Strategies Inc. purchased a new stake in 5E Advanced Materials in the 4th quarter worth about $37,000. Woodward Diversified Capital LLC bought a new stake in shares of 5E Advanced Materials during the third quarter worth $49,000. Goldman Sachs Group Inc. bought a new stake in shares of 5E Advanced Materials during the fourth quarter valued at approximately $69,000. Finally, Geode Capital Management LLC grew its position in shares of 5E Advanced Materials by 112.9% during the 4th quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after buying an additional 41,238 shares in the last quarter.

5E Advanced Materials Stock Performance

Shares of FEAM traded down $0.19 during trading hours on Wednesday, hitting $2.24. The company had a trading volume of 551,918 shares, compared to its average volume of 405,822. 5E Advanced Materials has a 52-week low of $2.00 and a 52-week high of $8.32. The firm has a fifty day moving average price of $3.34 and a 200-day moving average price of $3.95. The stock has a market capitalization of $52.66 million, a price-to-earnings ratio of -0.32 and a beta of 1.62.

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

Analysts Set New Price Targets

FEAM has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. HC Wainwright restated a “buy” rating and set a $9.25 price target on shares of 5E Advanced Materials in a report on Friday, November 21st. Finally, Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. 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 stock. According to MarketBeat.com, the stock 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.