5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Down 45.0% in September

Key Points

• 5E Advanced Materials, Inc. saw a significant 45% decrease in short interest for September, bringing the total to 47,100 shares, which is only 0.7% of the company's stock.
• Directors of the company acquired a combined 200,000 shares on August 25th at an average cost of $3.50 per share, indicating confidence in the company's future.
• 5E Advanced Materials stock rose 15.5% on a recent trading day, reaching $4.09, with a market capitalization of approximately $91.78 million.

5E Advanced Materials, Inc. (NASDAQ:FEAM - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 47,100 shares, a decrease of 45.0% from the August 31st total of 85,600 shares. Currently, 0.7% of the company's stock are short sold. Based on an average daily volume of 65,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 65,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.7% of the company's stock are short sold.

Insiders Place Their Bets

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

Institutional Investors Weigh In On 5E Advanced Materials

A hedge fund recently bought a new stake in 5E Advanced Materials stock. Marex Group plc purchased a new stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 SEC filing.

5E Advanced Materials Stock Up 15.5%

Shares of FEAM stock traded up $0.55 on Friday, reaching $4.09. The stock had a trading volume of 219,875 shares, compared to its average volume of 85,238. The firm's 50-day moving average is $3.84 and its two-hundred day moving average is $4.00. The firm has a market capitalization of $91.78 million, a price-to-earnings ratio of -0.26 and a beta of 1.55. 5E Advanced Materials has a 12 month low of $2.82 and a 12 month high of $24.84.

Analyst Upgrades and Downgrades

Several brokerages have commented on FEAM. Wall Street Zen raised shares of 5E Advanced Materials to a "sell" rating in a research report on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of 5E Advanced Materials in a research report on Saturday, September 27th. 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 price target on the stock. Finally, Maxim Group set a $7.00 price target on shares of 5E Advanced Materials and gave the stock a "buy" rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.25.

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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