5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 19.8% in March

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 77,300 shares, a growth of 19.8% from the March 15th total of 64,500 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On 5E Advanced Materials

An institutional investor recently raised its position in 5E Advanced Materials stock. Geode Capital Management LLC boosted its stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 487,922 shares of the company's stock after purchasing an additional 51,668 shares during the period. Geode Capital Management LLC owned about 0.71% of 5E Advanced Materials worth $264,000 at the end of the most recent reporting period.

5E Advanced Materials Price Performance

FEAM stock traded up $0.08 during midday trading on Friday, reaching $5.22. 12,702 shares of the stock were exchanged, compared to its average volume of 13,620. 5E Advanced Materials has a 52 week low of $2.82 and a 52 week high of $45.89. The company has a fifty day moving average price of $4.09 and a 200 day moving average price of $8.70. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $93.94 million, a PE ratio of -0.21 and a beta of 1.66.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. As a group, analysts expect that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on FEAM. Maxim Group lowered their target price on 5E Advanced Materials from $23.00 to $12.00 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a research note on Thursday.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.