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

Key Points

• 5E Advanced Materials experienced an 81.0% increase in short interest from mid to late August, rising from 47,300 to 85,600 shares.
• Directors of 5E Advanced Materials bought a total of 200,000 shares at an average price of $3.50 each, indicating increased confidence in the company's future.
• Brokerages have mixed sentiments about the stock, with Weiss Ratings maintaining a "sell" rating while HC Wainwright set a "buy" rating with a price target of $7.50.

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 85,600 shares, a growth of 81.0% from the August 15th total of 47,300 shares. Based on an average trading volume of 58,800 shares, the short-interest ratio is presently 1.5 days. Approximately 1.9% of the shares of the company are short sold. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 58,800 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on FEAM. HC Wainwright began coverage on shares of 5E Advanced Materials in a research report on Tuesday, September 2nd. They set a "buy" rating and a $7.50 target price for the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of 5E Advanced Materials in a report on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $9.75.

5E Advanced Materials Stock Down 2.0%

FEAM traded down $0.08 on Friday, hitting $3.91. The company's stock had a trading volume of 90,939 shares, compared to its average volume of 132,467. The company's 50 day simple moving average is $3.86 and its 200-day simple moving average is $4.00. The firm has a market cap of $87.74 million, a P/E ratio of -0.25 and a beta of 1.54. 5E Advanced Materials has a 12 month low of $2.82 and a 12 month high of $24.84.

Insider Buying and Selling

In related news, Director Ascend Global Investment Fund bought 100,000 shares of 5E Advanced Materials stock in a transaction dated Monday, August 25th. The stock was purchased at an average cost of $3.50 per share, with a total value of $350,000.00. Following the transaction, the director directly owned 7,830,646 shares of the company's stock, valued at approximately $27,407,261. The trade was a 1.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bep Special Situations Iv Llc bought 100,000 shares of 5E Advanced Materials stock in a transaction dated Monday, August 25th. The shares were bought at an average cost of $3.50 per share, with a total value of $350,000.00. Following the completion of the transaction, the director directly owned 7,597,349 shares in the company, valued at approximately $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 203,053 shares of company stock valued at $710,686 over the last three months. Insiders own 0.50% of the company's stock.

Institutional Trading of 5E Advanced Materials

An institutional investor recently bought a new position in 5E Advanced Materials stock. Marex Group plc bought a new position in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned approximately 0.94% of 5E Advanced Materials at the end of the most recent reporting period.

5E Advanced Materials Company Profile

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.