Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Decreases By 25.1%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 170,528 shares, a drop of 25.1% from the February 26th total of 227,715 shares. Based on an average daily volume of 216,959 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.7% of the shares of the company are short sold.

5E Advanced Materials Stock Performance

Shares of FEAM opened at $1.31 on Friday. The stock has a fifty day moving average of $2.16 and a two-hundred day moving average of $3.48. The company has a market capitalization of $30.80 million, a PE ratio of -0.49 and a beta of 1.60. 5E Advanced Materials has a fifty-two week low of $1.25 and a fifty-two week high of $7.50.

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

Wall Street Analyst Weigh In

FEAM has been the topic of several research reports. Wall Street Zen lowered 5E Advanced Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, January 21st. Finally, HC Wainwright lowered their price objective on shares of 5E Advanced Materials from $9.25 to $5.75 and set a “buy” rating on the stock in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.38.

Insider Buying and Selling

In other 5E Advanced Materials news, Director Bep Special Situations Iv Llc acquired 4,000,000 shares of the stock in a transaction on Monday, February 2nd. The shares were bought at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the acquisition, the director owned 12,130,997 shares of the company’s stock, valued at $24,261,994. This trade represents a 49.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On 5E Advanced Materials

A number of large investors have recently bought and sold shares of the stock. Bluescape Energy Partners LLC grew its stake in shares of 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after buying an additional 533,648 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of 5E Advanced Materials in the 3rd quarter worth approximately $785,000. Mercer Global Advisors Inc. ADV acquired a new stake in 5E Advanced Materials in the fourth quarter worth $674,000. Marex Group plc bought a new stake in shares of 5E Advanced Materials during the second quarter valued at about $665,000. Finally, Marshall Wace LLP bought a new stake in shares of 5E Advanced Materials in the 4th quarter worth $282,000.

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.