Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Declines By 77.8%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 266,635 shares, a drop of 77.8% from the January 29th total of 1,201,149 shares. Based on an average daily trading volume, of 659,004 shares, the short-interest ratio is currently 0.4 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 659,004 shares, the short-interest ratio is currently 0.4 days.

Insider Transactions at 5E Advanced Materials

In related news, Director Bep Special Situations Iv Llc purchased 4,000,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the purchase, the director directly owned 12,130,997 shares in the company, valued at $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 SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marex Group plc bought a new stake in 5E Advanced Materials in the 2nd quarter valued at $665,000. Woodward Diversified Capital LLC purchased a new position in shares of 5E Advanced Materials during the third quarter valued at about $49,000. Hohimer Wealth Management LLC bought a new stake in shares of 5E Advanced Materials in the third quarter worth about $785,000. Summit Financial Strategies Inc. purchased a new stake in shares of 5E Advanced Materials in the fourth quarter worth about $37,000. Finally, Geode Capital Management LLC boosted its stake in 5E Advanced Materials by 112.9% during the fourth quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock valued at $237,000 after buying an additional 41,238 shares during the last quarter.

5E Advanced Materials Stock Down 4.8%

FEAM stock opened at $2.00 on Friday. The firm has a market capitalization of $47.02 million, a PE ratio of -0.75 and a beta of 1.62. The stock has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $3.79. 5E Advanced Materials has a twelve month low of $1.66 and a twelve month high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. On average, equities research analysts anticipate that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FEAM. HC Wainwright reiterated a “buy” rating and issued a $9.25 price target on shares of 5E Advanced Materials in a research report on Friday, November 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.