5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Significant Increase in Short Interest

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 473,706 shares, an increase of 90.5% from the April 15th total of 248,650 shares. Based on an average trading volume of 247,392 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the shares of the company are sold short.

5E Advanced Materials Stock Performance

Shares of 5E Advanced Materials stock traded down $0.07 during midday trading on Friday, hitting $1.93. 316,843 shares of the company traded hands, compared to its average volume of 268,591. The stock has a market cap of $45.37 million, a price-to-earnings ratio of -0.72 and a beta of 1.84. The firm’s fifty day moving average price is $1.64 and its 200-day moving average price is $2.77. 5E Advanced Materials has a 12 month low of $1.17 and a 12 month high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.01. Equities research analysts forecast that 5E Advanced Materials will post -1.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen lowered shares of 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. HC Wainwright set a $5.50 target price on shares of 5E Advanced Materials and gave the company a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $6.25.

Institutional Investors Weigh In On 5E Advanced Materials

Several hedge funds have recently added to or reduced their stakes in FEAM. Hohimer Wealth Management LLC acquired a new stake in 5E Advanced Materials during the 3rd quarter worth approximately $785,000. Summit Financial Strategies Inc. acquired a new stake in 5E Advanced Materials during the 4th quarter worth approximately $37,000. Geode Capital Management LLC boosted its position in 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 during the period. Goldman Sachs Group Inc. acquired a new stake in 5E Advanced Materials during the 4th quarter worth approximately $69,000. Finally, LeClair Wealth Partners LLC boosted its position in 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.

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.