5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Update

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 227,715 shares, a decline of 14.6% from the February 12th total of 266,635 shares. Based on an average daily volume of 291,033 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.0% of the company’s stock are short sold. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 291,033 shares, the days-to-cover ratio is currently 0.8 days.

5E Advanced Materials Trading Down 3.2%

5E Advanced Materials stock opened at $1.80 on Monday. 5E Advanced Materials has a 1-year low of $1.60 and a 1-year high of $7.50. The firm’s fifty day simple moving average is $2.58 and its 200-day simple moving average is $3.62. The company has a market capitalization of $42.32 million, a P/E ratio of -0.67 and a beta of 1.60.

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

Insider Activity at 5E Advanced Materials

In other 5E Advanced Materials news, Director Bep Special Situations Iv Llc purchased 4,000,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were acquired at an average price of $2.00 per share, for a total transaction of $8,000,000.00. Following the completion of the acquisition, the director owned 12,130,997 shares of the company’s stock, valued at $24,261,994. This represents a 49.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FEAM. State Street Corp acquired a new stake in 5E Advanced Materials in the 4th quarter worth approximately $37,000. Summit Financial Strategies Inc. bought a new position in shares of 5E Advanced Materials in the fourth quarter valued at approximately $37,000. Woodward Diversified Capital LLC acquired a new stake in shares of 5E Advanced Materials in the third quarter worth $49,000. Goldman Sachs Group Inc. acquired a new stake in shares of 5E Advanced Materials in the fourth quarter worth $69,000. Finally, LeClair Wealth Partners LLC boosted its holdings in shares of 5E Advanced Materials by 20.0% during the 4th 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 during the period.

Analyst Ratings Changes

Several research firms recently commented on FEAM. HC Wainwright decreased their price target on shares of 5E Advanced Materials from $9.25 to $5.75 and set a “buy” rating for the company in a report on Monday, March 9th. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, 5E Advanced Materials has an average rating of “Hold” and a consensus target price of $6.38.

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.