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 target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 85,600 shares, an increase of 81.0% from the August 15th total of 47,300 shares. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.9% of the shares of the stock are short sold. Approximately 1.9% of the shares of the stock are short sold. Based on an average daily volume of 58,800 shares, the days-to-cover ratio is presently 1.5 days.

Insider Activity

In other 5E Advanced Materials news, 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 price of $3.50 per share, with a total value of $350,000.00. Following the purchase, the director owned 7,597,349 shares of the company's stock, valued at $26,590,721.50. This trade represents a 1.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ascend Global Investment Fund bought 100,000 shares of 5E Advanced Materials stock in a transaction dated Monday, August 25th. The stock was acquired at an average cost of $3.50 per share, for a total transaction of $350,000.00. Following the purchase, the director directly owned 7,830,646 shares in the company, valued at approximately $27,407,261. The trade was a 1.29% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 203,053 shares of company stock worth $710,686. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc bought a new stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 188,917 shares of the company's stock, valued at approximately $665,000. Marex Group plc owned 0.94% of 5E Advanced Materials as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

A number of brokerages recently weighed in on FEAM. Weiss Ratings reiterated a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Saturday, August 30th. HC Wainwright started coverage on shares of 5E Advanced Materials in a research report on Tuesday, September 2nd. They issued a "buy" rating and a $7.50 price target on the stock. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $9.75.

5E Advanced Materials Stock Performance

FEAM traded down $0.32 during trading on Friday, reaching $3.82. 40,816 shares of the stock were exchanged, compared to its average volume of 128,839. The stock has a market cap of $85.72 million, a P/E ratio of -0.24 and a beta of 1.54. 5E Advanced Materials has a twelve month low of $2.82 and a twelve month high of $24.84. The stock's 50 day moving average price is $3.83 and its two-hundred day moving average price is $4.01.

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.

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