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

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 74,500 shares, a decrease of 15.3% from the April 30th total of 88,000 shares. Based on an average daily volume of 30,500 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.8% of the shares of the company are sold short.

5E Advanced Materials Stock Performance

Shares of FEAM traded down $0.05 during trading hours on Friday, hitting $4.30. The company had a trading volume of 7,410 shares, compared to its average volume of 14,243. The firm has a market cap of $86.08 million, a price-to-earnings ratio of -0.17 and a beta of 1.60. The business has a fifty day moving average of $4.32 and a 200-day moving average of $7.16. 5E Advanced Materials has a 12 month low of $2.82 and a 12 month high of $37.03. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 35.91.

5E Advanced Materials (NASDAQ:FEAM - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.31) by ($0.37). Equities analysts anticipate that 5E Advanced Materials will post -9.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Saturday, May 24th. Maxim Group dropped their price objective on shares of 5E Advanced Materials from $23.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th.

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.