Short Interest in Sibanye Stillwater Limited (NYSE:SBSW) Decreases By 16.5%

Sibanye Stillwater Limited (NYSE:SBSW - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 12,910,000 shares, a decrease of 16.5% from the March 31st total of 15,470,000 shares. Based on an average trading volume of 10,220,000 shares, the short-interest ratio is presently 1.3 days. Approximately 1.8% of the company's shares are sold short.

Hedge Funds Weigh In On Sibanye Stillwater

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Sibanye Stillwater in the third quarter valued at approximately $329,000. Pine Valley Investments Ltd Liability Co raised its stake in shares of Sibanye Stillwater by 83.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 27,136 shares of the company's stock worth $112,000 after buying an additional 12,336 shares during the period. FNY Investment Advisers LLC lifted its holdings in Sibanye Stillwater by 1,572.2% in the 4th quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company's stock valued at $66,000 after purchasing an additional 18,804 shares in the last quarter. Atomi Financial Group Inc. acquired a new position in Sibanye Stillwater during the fourth quarter worth about $43,000. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its position in Sibanye Stillwater by 854.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 54,345 shares of the company's stock worth $179,000 after acquiring an additional 48,650 shares during the last quarter. 34.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upgraded shares of Sibanye Stillwater from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from $4.70 to $5.30 in a report on Tuesday, March 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Sibanye Stillwater presently has a consensus rating of "Hold" and an average price target of $5.05.

Sibanye Stillwater Trading Down 2.8 %

Shares of NYSE SBSW opened at $4.52 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.02. The firm has a market cap of $3.20 billion, a PE ratio of 8.69 and a beta of 1.08. Sibanye Stillwater has a twelve month low of $3.05 and a twelve month high of $5.91.

Sibanye Stillwater Company Profile

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.

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