Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Increases By 49.8%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 216,650 shares, a growth of 49.8% from the July 30th total of 144,621 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,090,711 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several research firms have issued reports on FEAM. Wall Street Zen lowered 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Friday, July 17th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $3.50 price objective (down from $5.50) on shares of 5E Advanced Materials in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.25.

5E Advanced Materials Stock Performance

Shares of FEAM stock opened at $1.56 on Thursday. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The firm has a market capitalization of $64.76 million, a price-to-earnings ratio of -1.16 and a beta of 1.97. The stock’s 50-day simple moving average is $1.42 and its 200-day simple moving average is $1.61.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State Street Corp purchased a new position in shares of 5E Advanced Materials in the fourth quarter worth $37,000. Goldman Sachs Group Inc. acquired a new position in shares of 5E Advanced Materials in the 4th quarter valued at $69,000. LeClair Wealth Partners LLC increased its position in shares of 5E Advanced Materials by 20.0% in the 4th quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock valued at $92,000 after acquiring an additional 4,990 shares during the period. Jane Street Group LLC purchased a new position in 5E Advanced Materials in the 4th quarter worth $111,000. Finally, XTX Topco Ltd purchased a new position in 5E Advanced Materials in the 4th quarter worth $124,000.

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.